the class of 2014

The Class of 2014

New NEDs in the FTSE 350

www.kornferryinstitute.com

3THE CLASS OF 2014

The Class of 2014 New NEDs in the FTSE 350

4

Contents

Foreword . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Introduction and Methodology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

The Class of 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Primary career discipline . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Gender balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Nationality and international experience . . . . . . . . . . . . . . . . . . . . . 14

Digital experience . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Executive Board and Plc experience . . . . . . . . . . . . . . . . . . . . . . . . . 16

Motivations to seek a FTSE 350 NED role . . . . . . . . . . . . . . . . . . . . 19

NED Induction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

Interviews with Class of Members . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Paula Hay-Plumb . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

Stephen Hubbard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Rakhi Parekh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

Cathryn Riley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Rebecca Worthington . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

Biographies of The Class of 2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34

5THE CLASS OF 2014

Foreword

In a world of increasing information, it is always

a challenge for a publication to distinguish

itself and become a useful frame of reference .

Now in its third year, Korn Ferry’s “Class Of”

series has achieved the rare feat of doing both .

Whether you are a Chairman, a Director, an

investor, a regulator or someone who aspires

to become a Non-Executive Director (NED),

this short and punchy publication is a real gem:

a lens into the changing demography of the

Boardrooms of UK Plc .

It is both interesting and instructive to see the backgrounds and profiles

of those joining Boards – or the ‘first timers’ as the Class of 2014 would

describe them . It is also helpful to have 2007 as a comparator baseline

(a year of significant IPOs and the eve of the global financial crisis) . As

the years pass the trends and patterns of the demography of Board

leadership will become even more clear .

Even now The Class of 2014 shows that some interesting developments

and patterns are forming . This is especially so in the area of gender

diversity on Boards, and the low level of previous Board experience of

new NEDs . We can also see the downward trend of overseas Directors

on British Boards, as well as the continued emphasis on people with

a financial background . The Class of 2013 saw a sharp decline in the

proportion of first time NEDs who were women from an all-time high

of 47% in 2012, to a disappointing 29% in 2013 . I am very pleased to see

that in 2014 that number rose to 39% . Now, as we approach the goal of

25% of all FTSE100 NEDs, our attention can be turned to increasing the

proportion of women who are, or will become, Executive Directors .

Long the preserve of CEOs and other Executive Directors, The Class of

2014 continues to show an increasing number of new NEDs who take

Lady Barbara Judge CBE Chairman of the Institute of Directors (IoD)

6

on their first Board without prior Plc Executive Director experience .

No doubt this is a reflection of Boards widening the talent pools from

which they draw new Directors, and being open to different commercial

and leadership backgrounds . I believe this is clearly appropriate . It is,

however, even more important to ensure that Directors have education

with respect to the role of NEDs, a good induction and mentoring (once

on the Board) and ongoing professional development . Potential NEDs

should consider taking one of the respected programmes available (such

as the IoD’s Chartered Director course) to boost their skills and ‘board

readiness’ . It is interesting to read the case studies and testimonies

included in the publication which stress the importance of a good

induction .

Korn Ferry’s Class Of series provides a very helpful reference of talented

new Directors, and its importance is even more significant . The ‘first-

timers’ who have become Plc NEDs over the last few years will be

the Chairmen, SIDs and Board leaders of UK Plc in coming years . It is

therefore extremely useful to get a clear sense as to who they are and

what training they have received . In that endeavour, the Class of 2014

helps immensely .

7THE CLASS OF 2014

Introduction and Methodology.

Each year, Korn Ferry analyses the profiles of those individuals who gained

their first FTSE 350 Non-Executive Board position during the year . This

research, now in its third year and with data sets from 2014, 2013, 2012, and

2007 (for historical comparison), helps uncover the shifting appointment

patterns for the UK’s largest Boards . It provides insights into those

characteristics in high demand over the previous 12 months and in the

short- and medium-term future .

Members of The Class of 2014 have been surveyed as to their reasons for

seeking a Non-Executive Director (NED) position, their experience of the

process, and any recommendations they would make to aspiring future

NEDs or to the Boards seeking to hire them .

Short biographies of each individual are included at the end of this

publication . This report is designed as a reference for the broad range of

stakeholders involved in NED recruitment .

Methodology

Korn Ferry used secondary data sources: including Boardex, a third-party

independent database of Board Directors, LinkedIn, and Korn Ferry’s

proprietary database of more than 8 million profiles of executive and Non-

Executive professionals to identify first-time FTSE 350 NED appointments

through 2014 and to ascertain the characteristics of each appointee .

We analysed characteristics including gender, age, professional background,

nationality, international experience, and digital capability of 233 individuals

and compared the findings to those of the Class of 2012 and 2013 Members .

Our primary research included surveying each first-time FTSE 350 NED

in 2014 . Our study is further complemented by in-depth interviews with a

number of first-time NEDs to provide their insights into their new Board

roles and gather their advice for professionals seeking an FTSE 350 Board

appointment .

The research was conducted between September 2014 and February 2015 .

8

Executive Summary

The Class of 2014 displays some predictable themes: the sustained focus

on Board gender diversity, the high proportion of new NEDs towards

those with General Management or finance backgrounds, and a broad

requirement for first-time NEDs to have gained past Board exposure as

an Executive Director .

However, beneath these headlines, there are some surprising data and,

when compared to their peer groups since 2007, the Class of 2014

highlights some telling shifts in the Boardrooms of the UK’s largest

companies .

More ‘inexperienced’ appointees.

In 2014, the proportion of FTSE 350 Non-Executive Directorships that

went to first-time appointees was 54% . This is a 20% increase over the

2007 Class and continues the trend of the last three years . Of this group

of first-time appointees, only 53% had prior executive directorship

experience . In 2007, 65% of the Class had already gained past Board

experience as an Executive Director . What’s more, of this limited 2014

group with prior Executive Board experience, over half of the Members

had gained it on private company Boards .

When one examines the data, this means that in 2007, 80% of all NED

appointments were of individuals who had some degree of previous

listed company governance experience, gained either in past Non-

Executive or Executive roles . By 2014, this proportion has reduced to

60% . This trend puts further pressure on Chairmen to ensure that the

40% that are ‘inexperienced’ are thoroughly inducted and carefully

mentored as they learn the craft of directorship . The members of the

Class of 2014 have provided valuable guidance on these topics .

Less diversity.

There is a continuation of the theme described in last year’s publication

9THE CLASS OF 2014

of decreasing diversity . Whilst gender diversity continues to be in the

news and real progress was made in 2014, other elements of diversity

have continued to decline . The proportion of international NEDs was

down again in 2014, with 59% of The Class of 2014 carrying British

passports . Furthermore, the proportion of The Class of 2014 from the

traditional backgrounds of General Management and Finance increased

again, and this year 76% came from these two disciplines, back to the

proportion seen in 2007 .

One highlight within these trends, however, is that the proportion of

female appointees with General Management or Finance backgrounds

grew significantly . 26% of the Members of the Class of 2014 with these

career backgrounds were women, compared to only 15% in 2013 . This is

hopefully a result of a deepening pipeline of female General Managers .

Whilst we are yet to see a significant increase of female Executive

Directors, still approximately 9% for FTSE 100 and 5% for FTSE 250

companies, according to the latest Cranfield report, perhaps we can infer

a growing number of women at the executive level just below the Board .

Hopefully the experience gained as NEDs on outside Boards will serve

to improve their chances of becoming Executive Directors of their own

companies .

10

The Class of 2014.

Newcomers to FTSE 350 Boards. In total, there were 434 NED appointments to the FTSE 350 in 2014,

down from 494 the previous year . Since 2007, there has been a small

(0 .9%) reduction in average annual appointments; however, over the

same period, the proportion of first-time appointees has steadily grown,

and during 2014, 54% of all appointments were given to first timers, up

from 45% in 2007 .

The return of IPO activity over the last two years has contributed to this

trend . There were 15 FTSE 350 IPOs in 2014, contributing to 32 first-time

appointments, compared to the same number in 2013, contributing 55

Members to the Class of 2013 .

Figure 1

Split of FTSE 350 appointments between those with experience and

first-time appointees.

466

2007

600

500

400

300

200

100

0

257

209

8

402

2012

209

193

10

494

2013

234

260

55

434

2014

201

233

32

First-Time FTSE 350 Appointments

Experienced FTSE 350 Appointments

First-Time FTSE 350 NEDs on IPO Boards

11THE CLASS OF 2014

This upward trend of bringing ‘new blood’ into the Boardroom, driven

partly, we assume, by the push on gender diversity, reinforces the

observation we made last year as to the growing proportion of FTSE 350

NEDs with limited Board experience .

At the end of 2014, there was a total of 2,248 NEDs sitting on FTSE 350

Boards . As our analysis above shows, more than 30% of them have less

than three years’ experience as a NED; of those, approximately 75% had

no previous experience as an Executive Director of a listed company . As

the drive for greater Board diversity continues (i .e ., both the pressure

to increase female participation toward one-third and the long-overdue

requirement to build ethnic diversity on Boards), so this proportion of

inexperienced Board Members will continue to grow .

Primary career discipline.

It is perhaps understandable that the majority of NEDs have a General

Management or a Finance/Banking background . The combined

proportion of first-time appointees from these core disciplines increased

again in 2014, and the tendency toward decreased diversity, other than

gender, that we identified in last year’s survey continues . The proportion

from these disciplines is now back to the 2007 level . The split between

General Management and Finance/Banking has shifted markedly over the

period, from 37:39 in 2007 to 43:33 in 2014, perhaps as fewer bankers are

appointed to FTSE 350 Boards .

100%

80%

60%

40%

20%

0%

55%

2007

45%

52%

2012

48%

47%

2013

53%

46%

2014

54%

First-Time FTSE 350 Appointments

Experienced FTSE 350 Appointments

12

While these two disciplines have maintained their combined ‘share’ of

first-time appointees, there have been a few noticeable changes across

other disciplines, particularly in Strategy/Consulting (appointments

dropping from 11% in 2007 to 6% in 2014) and Marketing and

Communications (increasing from 1% to 5%) and HR (increasing from 1%

to 3%) . At a time when gender diversity is on every Board’s agenda, these

strong growth rates should not be entirely surprising, as the Marketing

and Human Resources functions have a relatively higher proportion of

senior female executives .

Gender balance.

The most significant shift in the ‘Class of’ population since the

inception of this research has been the change in gender balance . As

many observers have commented, the combined efforts of politicians,

Chairmen, pressure groups, and head hunters alike has had a substantial

impact on the appointment of first-time women onto FTSE 350 Boards,

and, should this trend continue, the UK will achieve the target set by

Lord Davies in 2011 of 25% representation on FTSE 100 Boards by the

end of 2015 .

Figure 2

Primary career discipline of Class of 2007, 2012, 2013 and 2014.

3%5%

11%

37%

39%

4%

5%6%

6%

43%

33%

2007 201420132012

Banking/Finance

Other (Academic, Government)

Research and Technology

Commercial/General Management

Marketing and Communications

Legal

Strategy/Consulting

Human Resources

2%3%1%

3%

1%

13THE CLASS OF 2014

In the Class of 2014, 39% were women, up from only 11% in 2007 . Over the

last three years, there has been significant variability in the number and

percentage of women appointed; however, the high percentage of female

Directors appointed in 2012 was likely due to an immediate, strong

reaction to the Davies’ report, and, whilst this dropped substantially in

2013, it is reassuring to see the increase in female appointments in the

Class of 2014 .

The percentage of female appointments has increased across most

disciplines over the last two years . Significantly, this increase is greatest

in the core disciplines of General Management and Banking/Finance,

where the total percentage of female Members of the ‘Class of’ has

increased from 15% to 26% over the period . The high proportion of

women from General Management and Banking/Finance indicates that

the pool of available talent in these core disciplines is good and perhaps

shows that the pipeline of senior female executives is strengthening .

As in the previous year, Human Resources, as well as Marketing and

Communications, although small in overall percentage and absolute

terms, remain female-dominated fields .

Figure 3

Gender split of Class of Members 2007–2014.

100%

80%

60%

40%

20%

0%

89%

11%

2007 2012 2013 2014

53%

47%

72%

28%

61%

39%

% of Women Appointed % of Men Appointed

14

Nationality and international experience.

In last year’s survey, we highlighted an apparent trend toward decreasing

international diversity amongst the Class of 2013 . This trend has

continued, and the Class of 2014 are even less internationally diverse

than they were the year prior . The proportion of the Class that are British

has steadily increased since 2007 at the expense of almost every other

nationality other than a marginal increase of those from Latin America

and Asia . This lack of geographical diversity is somewhat offset by an

increase in British appointees with international experience—up from

43% in 2007 to 55% in 2014 . A possible reason for the decrease in

international appointments is the increasing time requirements facing

NEDs, particularly in the Financial Services sector, and the logistical

challenge for Boards that need to coordinate travel of those residing

outside the country .

Figure 4

Primary career discipline of first-time FTSE 350 NEDs in 2013 and

2014 split by gender.

50%

45%

40%

35%

30%

25%

20%

15%

10%

5%

0%Banking/Finance Commercial/General

ManagementStrategy/Consulting Other (Academic

Government)Marketing and

CommunicationsHuman Resources Research and

TechnologyLegal

7%

27%

8%

32%

15%

28%

1%

7%2%

3%

3%

3%

2%

4%2% 4%

3% 1%1% 2%2%

2%1%

1%

3%2%1%

11%

21%

2014 Female2014 Male2013 Female2013 Male

15THE CLASS OF 2014

Digital experience.

The Class of 2014 has an identical proportion of Members with digital

experience as in the Class of 2013 . However, an increase, albeit of

modest proportions, is noticeable when comparing the percentage of

digital appointments in 2007 and in 2012 and related Compound Annual

Growth Rate (CAGR) of 9% . This can be explained by considering three

factors: i) the pool of candidates with digital expertise is relatively small;

ii) Directors with digital expertise are in high demand; and iii) each

Board has a different “digital need” (i .e ., e-commerce, mobile, software,

analytics), hence reducing the pool of suitable candidates even further .

Figure 5

Nationality split of Class of Members, 2007–2014.

3%2%

3%

16%

20%

53%

4%

3%3%2%

13%

15%

59%

2007 2012 2013 2014

UK

Latin America

Asia

Europe

Afica

Australia/New Zealand

North America

Middle East

Not Disclosed

0%

0%0%

2%

1%

16

Executive Board and Plc experience.

One constant characteristic of the Class each year is that Boards are keen

to find new NEDs who have already learned their Board craft by virtue of

having been an Executive Director on another Board . Over the past three

years, the percentage of first-time FTSE 350 appointees with previous

executive Board experience has stabilised around the mid-50s (53% in

2014), although it has markedly decreased from the 65% of first-time

appointments in 2007 .

Within this headline number there are some surprising trends, as the

graph below shows . The most significant is the decrease, from 24% in

2007 to 15% in 2014, of Directors who have previously been Executive

Directors of FTSE 350 companies . Consistent with the decline in

international appointments, there has also been a significant drop in the

proportion of first timers who had Executive Director experience gained

from overseas Boards .

These declines have been offset by the substantial increase in the

appointment of first-time appointees with Executive Director experience

gained on the Boards of private companies (an increase of 12% to 27%

since 2007) .

Figure 6

Proportion of digital appointments of Class of Members, 2007–2014.

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

0%

2007

95.7%

4.3%

95.9%

4.1%

92.3%

7.7%

92.3%

7.7%

2012 2013 2014

Digital Appointments Non-Digital Appointments

17THE CLASS OF 2014

This is a symptom of a trend of increasing numbers of senior executives

working in private equity-owned companies rather than in the listed

company sector . Provided these executives remain attracted by

opportunities to join Plc Boards, this talent pool will remain a key target

for FTSE 350 Board recruiting . However, should compliance or other

regulatory demands become more inhibiting, then this important pool of

NED talent may become less accessible .

Figure 7

Previous Executive Director experience of Class of Members.

35%

6%

12%

15%

7%

24%

47%

27%

5%5%

15%

2007 2012 2013 2014

FTSE 350 Other UK Listed Foreign Listed Private Public Sector/Non Profit Subsidiary None

1%0%1%

18

FTSE 100 v. FTSE 250.

We have compared Class of Members within FTSE 100 and FTSE 250 Boards

to understand whether the trends we have observed affect large- and

medium-cap companies equally .

The analysis shows that, as in 2013, FTSE 100 companies have embraced

gender diversity and international expertise to a far greater extent than their

FTSE 250 counterparts . Specifically, large-cap organisations, propelled by

the Davies requirements, appointed 27 women out of 64 first-timers (42%)

compared to 37% in mid-cap companies .

Additionally, 58% of FTSE 100 Class of 2014 Members were non-British

nationals, and in total 78% of first-time appointments to FTSE 100 Boards

had some international experience . For the FTSE 250 Members, only 34%

were not British, and only 49% had some degree of international experience .

Finally, while the split of background experience and discipline of Class of

Members is broadly the same across FTSE 100 and FTSE 250 companies,

mid-cap companies appointed fewer CEOs and fewer Executive Directors

than did FTSE 100 companies . The average age of first-time appointments

varies: for FTSE 250 Members, the average age was 53 .5, compared to

55 .7 for FTSE 100 appointments . However, mid-cap companies appointed

Directors with prior Plc experience in higher proportion than did large-cap

companies (47% v . 38%) .

19THE CLASS OF 2014

FTSE 350 NEDs Insights.

The Korn Ferry Institute surveyed the Members of the Class of 2014 to

understand their motivations for becoming NEDs and their experiences in

the hiring and onboarding process .

Motivations to seek a FTSE 350 NED role.

The reason most often identified by Class of 2014 Members for becoming

a NED was the ability to apply the lessons learned from an executive

career . Just over half the respondents were motivated by a desire for a

plural career or to broaden their knowledge to further their executive

career . Only 10% were attracted to a NED position to increase networking

opportunities .

Figure 8

Class of 2014 member motivations for seeking a FTSE 350 NED role.

0 10 20 30 40 50 60 70 80

73%

50%

50%

23%

To add value from my lessons learned in my Executive career

To undertake a plural career and build a portfolio

To broaden my understanding of business and governance

To increase my network

Percentage that selected

20

We asked the Class of 2014 to describe their primary reasons for selecting

the Board they joined . For those who were finishing their executive

career, an important reason was the need to get their first directorship as

a stepping stone into portfolio life . Hence the specifics of the particular

Board, whilst important, were of less significance .

For those still in executive careers, for whom their first Board is likely to

be their only Board for some time, the need to select the ‘right’ Board was

more pronounced . For this group the top three reasons were: the ability

to contribute and add value, the experience they would gain from the

challenges facing the company, and the relevance to them of the particular

industry in which the company operates .

Figure 9

The Class of 2014’s deciding factors in taking on their FTSE 350 role.

Compensation

Diversity of the Board

Established relationshipswith the Board Member

and Chairman

Chemistry with the Chairman

Reputation of the Boardand the Chairman

Reputation of the company

Challenges facing the company

Particular industry in whichthe company operates

2%

5%

9%

32%

34%

39%

43%

55%

0 10 20 30 40 50 60

Percentage that selected

21THE CLASS OF 2014

NED Induction.

Given the increasing professionalisation of the Board Director role, we

were keen to understand the value placed on NED training courses . About

half of the respondents had undertaken some form of NED training .

Induction.

Of the Class of 2014, 59% found their Board induction programme

extremely helpful, 36% satisfactory, and 5% had no induction . This is in line

with last year but an improvement in comparison to 2012 .

The survey highlighted some useful pointers for both new Directors

and Chairmen, as well as Company Secretaries designing induction

programmes:

• Meet as many stakeholders as possible . This should include Senior

Executives, all Board Members, and Managers below the Executive

Committee to give a balance of operational, technical, financial, and

strategic insight .

• Get to understand the business from the ‘bottom up’ as well as

from the ‘strategy down’ . It is helpful to gain an early insight into

some of the interpersonal dynamics and relationships at the Board

level and within the management ranks .

• Visit company offices . Listen to customer service calls . However,

take advice on how best to engage with management, neither over-

powering them or being over-powered .

• Be clear on the specific goals of the induction; ensure that there is

a robust plan and strong commitment and engagement from the

colleagues inside the business who will be responsible for managing

its execution .

22

• Create a schedule and a checklist that NEDs can take ownership of

completing .

Advice to those seeking their first FTSE 350 Board role.

The Class of 2014 offered their advice for aspirant NEDs . Their suggestions

can be summarised as follows:

1 . Executive search firms are an important channel . Don’t wait for the

phone to ring . Proactively build relationships with the headhunting

fraternity .

2 . Network broadly . One respondent said, ‘Be clear on what you

are looking for, realistic about the industries your skills can best

be applied to, be patient at the same time as doggedly focused .

Don’t rely on search firms solely; often networks can create

opportunities’ .

3 . Line up good referees and expect the referencing process to take

some time .

4 . In selecting the ‘right Board’, make sure that you have understood

the company and are clear as to where you will bring added value .

As one respondent commented, ‘if you need the company more

than they need you, then you are joining the wrong Board’ .

5 . Don’t be too picky about your first Board . One Board will lead to

another, ‘I am not sure that I subscribe to the view that you need to

be really selective about your first role .’

6 . Do careful due diligence . Particularly in relation to the other

personalities on the board . ‘Make sure that you are going to be able

to work with the rest of the Board, particularly the Chairman and

Chief Executive’ .

7 . Be clear as to your motivations for the role . The time commitment

may appear manageable; however, you may have to give

substantially more time than planned . As one respondent said, ‘My

experience of two NED positions demonstrates that there can be no

half measures if you are to make a full and valued contribution’ .

23THE CLASS OF 2014

Interviews with

Class of Members.

Paula Hay-Plumb (Aberforth Smaller Companies Trust).

Paula Hay-Plumb’s career spans more than 30 years in senior Finance roles

across public and private sector organisations, with previous roles including

Corporate Finance and Group Reporting Director at Marks & Spencer and

CEO of English Partnerships . Unlike many of the Class of 2014 Members,

Paula is an experienced NED . She has sat on the Boards of public sector and

commercial organisations since 2006, and took on her first FTSE 350 role

with Aberforth Smaller Companies Trust in January 2014 .

Of her near decade-long career as an NED, Paula comments, ‘I have got a

huge amount out of it, I think in part because I have taken the development

of my NED career as seriously as I did my executive career . For me, the

transition from executive roles to a portfolio career was a conscious

decision, and one I worked hard at’ .

It is this deliberate approach that has stood Paula in excellent stead for the

building of her portfolio . She began by taking on positions at the National

Australia Group Common Investment Fund and Skipton Building Society .

These were followed by appointments at the Forensic Science Service

and National Audit Office—continuing a career-long tradition of bridging

the public and private sectors . Aberforth is Paula’s first appointment to

a FTSE 350 company . Of this evolution, Paula says, ‘My first suite of NED

roles reflected opportunities at the time that built on my expertise from my

executive career and both my public and private sector background . There

was a natural link to each of the roles’ .

Nine years as a NED has left Paula under no illusion as to the link between

effort put in and level of success received, especially when it comes to

finding that first Non-Executive role . ‘You have to work hard at it, the roles

don’t just come and find you . Talk to people around you to highlight what

you’re trying to do and be open with them . Networking is crucial’ . As

24

for securing that role, she cites her breadth of public and private sector

experience as a valuable asset: ‘I’ve always felt that my combination of

experience is my USP, and I find that organisations value the perspective it

brings . That is certainly the case in my current portfolio which, along with

Aberforth, includes the Crown Estate and Hyde Housing Association’ .

An experienced Board Director, Paula nevertheless approached her role with

Aberforth with the same diligence, focus, and pragmatism she has brought

to all her roles . ‘I have many things in my background that are relevant for

this appointment’, she says, ‘but I am not an Investment Trust Specialist . I

am learning fast and hope I bring a perspective that complements the other

skills around the Board table’ .

When it comes to advice for prospective first-time FTSE 350 NEDs, Paula

highlights the importance of taking the time to understand the organisation

you have joined . On the due diligence process: ‘I try to do all the classic

things and get as much material as I can find . I always ask for information if

I can’t find it online, and I don’t engage in an interview process unless I have

all the materials I need’ . As well as exploring the opportunities and risks of

the business, she asks all prospective Board colleagues the same question:

‘What keeps you awake at night?’

At the same time, Paula recognises the limits of due diligence when it comes

to really understanding a new Board: ‘Whatever you do in advance, you only

really get to appreciate the dynamics of the Board when you attend your

first meeting .’ When asked what experience was most helpful at Aberforth,

Paula thinks back to her time at Marks & Spencer . ‘My experience with M&S

meant I understood the dynamics of a listed environment’, she recalls, ‘which

was very helpful as I embarked on a thorough induction process’ .

Ultimately, Paula’s advice for prospective FTSE NEDs is grounded in

considering not just the dimensions of the company but also what you

can bring to the Board: ‘You have to think about what you have to offer .

I thought carefully about my specialisms and areas of knowledge, and

focussed my attentions on roles that matched . Then my first two NED roles

came together at the same time and the rest flowed from there’ .

25THE CLASS OF 2014

Stephen Hubbard (Workspace Group Plc).

Stephen spent nearly 40 years with CBRE Group in various capacities,

culminating in his role as Chairman of the UK which he took on in 2013 .

Stephen has some previous Non-Executive experience, having been on the

Board of Redevco as an Advisor since 2009 . He joined his first FTSE 250

Board Workspace Group in 2014 .

On his first impressions, Stephen has thoroughly enjoyed his time on the

Board of Workspace and has found it rewarding and fulfilling . During his

executive career with CBRE, Stephen had been approached a number of

times; however, the conflicts of interests of his client-facing roles at CBRE

prohibited him from taking on any external appointments . Timing and

circumstances within CBRE were important factors in his ability to take on

a FTSE NED role . ‘I’ve been approached on numerous occasions and I felt it

was probably inappropriate for me to take anything on due to conflicts . Now

that I’m Chairman of the UK business and less involved in the day-to-day

advisory work, I was able to consider external approaches’ .

For Stephen, the right call came at the right moment, and he has decided to

use the Non-Executive platform to extend his property career after having

been encouraged by previous mentors and colleagues . ‘It’s not something I

would have contemplated when I was running a large business area, but I’m

at a point in my career when it’s appropriate and for me very satisfying and

fulfilling . It was always in the back of my mind, but the call came at the right

Advice to prospective FTSE NEDs:

• Think about what experience/specialism you can bring to a

Board and let that drive your decisions around which Boards

you take on .

• Treat your portfolio career with as much energy and conscious

decision making as your executive career .

• Make your network aware of your desire to take on NED roles

and be open in your conversations .

26

time and my decision was opportunity driven’ .

Workspace Group was a serendipitous opportunity, as it came at the right

timing in Stephen’s career and was an area of interest to him that played to

his strengths . ‘What attracted me was that I spent most of my commercial

life dealing with central London property and their portfolio almost

exclusively focused on central London . Their business model was of interest

to me, and I felt I could contribute . I felt I had something to give, and I’m also

quite passionate about marketing which is a key part of that business’ .

As most NED appointees, the publicly available information played a key

role in Stephen’s due diligence . In his particular case, the confidentiality of

the appointment meant that he felt it was inappropriate to talk about it to

the external world at the time outside of him clearing it through compliance

at CBRE . But for Stephen, the materials available on the company were

sufficient for him to get a good understanding of the Board .

Throughout his career, Stephen has been familiar with how Boards operate

from a client perspective, so coming into Workspace as a Non-Executive

was difficult . He has observed some interesting differentiators and

characteristics that an FTSE Board has enabled him to observe, ‘It gets very

different when you get into remuneration activities and issues, for example .

That has been an eye opener in relation to the power of the shareholders

and the individual shareholders . Understanding the significance of having

certain shareholders on your share register is important to have’ .


• Ensure the timing is right for you in terms of time commitment

and having the right experience to make a contribution .

• Conduct a detailed analysis on each of these before embarking

on the role .

• Once you become more practiced in the environment, further

opportunities will arise, but only take on the roles to which you

can make a quality contribution .

27THE CLASS OF 2014

Rakhi Parekh (Rightmove Plc).

Rakhi spent over 10 years in executive roles with Amazon, most recently

having had responsibility for the UK Media businesses . Since stepping down,

Rakhi has been focusing on a joint project with her husband, their vineyard

and winery, as well as being appointed to her first FTSE Board, Rightmove

Plc . Not only is this Rakhi’s first FTSE appointment, it is also her first Non-

Executive appointment making her perspective unique .

For Rakhi, taking on her first NED role was linked to decisions around

another more personal business opportunity . “I took the decision to step

down from Amazon and focus on the vineyard and winery as I wanted to be

involved at the early stage of strategic decision making, and it was hard to

be involved in a meaningful way whilst still in my executive role . But, I didn’t

want to lose that connection to the business world and to stop using my

expertise and experience from Amazon, so I started talking to people about

Non-Executive roles .”

Joining a Board has allowed Rakhi to maintain flexibility and work diversity,

and at the same time providing her with an intellectual challenge while she

focuses on developing her business venture . “It forces you to stay current

and to think about different business problems and what’s happening in

the market . You’re networked and talking to individuals who are sitting on

Boards of other companies, which can challenge you in a different way .”

When deciding on the type of company she would consider, Rakhi’s

expectations evolved as she went through the process and were much

broader than the listed versus private company consideration . “My ideal

when I set out was to have one Plc and one private NED role . And I still think

that is a nice mix, but having gone through the process, I realised that there

are so many factors that are important: Is it an interesting company/sector?

What’s the Chairman like? What’s the CEO like? What’s the impact you can

have on that business? Where do I bring something unique to the Board?

Those factors are much more important to me now than whether it’s private

or public .”

One of the main reasons Rakhi was attracted to Rightmove as a company,

was the customer element and the changing competitive environment . “I

know the company, I’m a customer, I like the product and they were at an

28

interesting point of increased competitor activity . I’m used to thinking about

competitors, and customers, and I liked the speed and pace Rightmove

operates at .” But at the heart of that came other considerations she

highlights as crucial to her decisions about Rightmove . “I liked the Chairman,

the CEO, the dynamics of the Board which were focused on what is best for

the business, and I felt that I brought a unique perspective to the table” .

The Rightmove appointment has also had another positive impact for Rakhi .

“Once you get your first NED role, that opens doors . It makes me feel more

confident about waiting for the right opportunities . Everyone says getting

your first Board role is the hardest, so I wasn’t sure how much compromising

I was going to have to do at the start of the process” .

Although Rakhi is not sure whether she will go back to an executive career,

the transition for her has been a good learning experience . “It’s not like

getting another job, it’s a totally different shift in the way you work, what’s

expected of you and how much you put it . But I’ve met a lot of people that

have four to five NED roles and that’s just like a full time job again” .

Rakhi believes she was lucky in terms of the timing of the Rightmove

opportunity as she brings something to the Board that is in demand . Her

advice to first time NEDs is to focus on what you bring to the Board that is

different . “I think to get your first FTSE, you need an angle to what you bring

to the Board that’s different to all the experienced NEDs out there . It might

just be a fresh perspective, it could be industry experience or a functional

expertise . Digital is important right now and helped me get initial interest .

While digital can mean a lot of different things, many companies are looking

for people that can think about the challenges that come with moving

online” .

Having completed her first few Board meetings, Rakhi comments on the

learning process of being a FTSE 250 Board Member . “It all starts clicking

in place after the initial induction, you can go back and have follow-up

meetings to understand specific areas in more detail . It is self-directed to

some extent, as you need to make yourself comfortable that you have a

good grasp of the business and issues, and do what it takes to achieve that” .

29THE CLASS OF 2014

Cathryn Riley (International Personal Finance).

Cathryn Riley retired from Aviva Plc in October 2013 after 17 years with

the company . Latterly she served as Group Chief Operations Officer,

responsible for IT, Business Change and Operational Shared Services

across the organisation . In 2009, whilst at Aviva, she secured her first non-

executive directorship with Equitable Life and since retiring from executive

life, she has joined her first FTSE board with International Personal Finance

Plc as well as the board of ACE European Group .

Cathryn found the transition to a portfolio career relatively easy and made

the active choice to pursue a non-exec career with clear reasons behind the

shift . “I wanted to pursue the portfolio option as I wanted both more control

in my life and wanted to pursue a range of other things . A portfolio career

has enabled me to do that .”

Her first external appointment to the board of Equitable Life Assurance

came in 2009 whilst she was still in her executive role with Aviva . Having

been on the board of Equitable for over five years, Cathryn had gained an

insight into the nature of a non-executive role and what it entails which

helped facilitate her transition into the listed environment . On the differences

between the listed and non-listed, Cathryn describes the biggest differences

in the technicalities . “It’s more about the technicalities than the day-to-

day issues . The role and responsibilities are no different and the themes/


• Deciding on which Board to target/join is not just about

whether it’s listed or private . Other factors to consider are:

challenges facing the sector, position within the market,

opportunities of the sector, nature of the Chairman and CEO,

what do you bring to the Board .

• The first appointment is the most crucial one as it provides a

level of confidence in your subsequent decisions .

• Identify what you can bring to the Board that is different .

30

topics discussed are similar, but with listed entities there are more rules and

regulations . As a board director, you are much more conscious of external

shareholders, analysts and ratings agencies as well as the regulators . The

external scrutiny is much more at the forefront .”

Cathryn chose to join the IPF board in 2014 for a variety of reasons . “I hit it

off with the Chairman and the Chief Executive . I know they are not going

to be there forever but they are fundamental . It also made a difference

to meet fellow NEDs . In addition, IPF ticked the important boxes – it was

an international, listed company going through transformation . I felt I

could add value on the digital, operations and governance side . It was

non-insurance but still in financial services so close enough that I could

contribute . In short there were a number of things which fitted the bill and

the personalities on the board made a big difference . I have thoroughly

enjoyed working with the Chairman, Chief Executive, other NEDs and

management team – they’re a terrific group .”

Cathryn was keen to secure a FTSE directorship, as she already had a

mutual and wanted diversity in her portfolio . She wanted to have that ‘edge’

that comes from external pressures and was keen to utilise the experience

she had gained in a commercial plc environment .

As part of her due diligence, Cathryn met the Chairman, CEO and a couple

of key individuals which was important in her decision making process . “I

also talked to the auditors, spent time looking at previous accounts, investor

presentations and all publicly available information . And then of course the

headhunters and getting some insights in terms of the board .”

On offering advice to prospective first time as well as first time FTSE NEDs,

Cathryn highlights some of the practical things to consider . “Put a really

good CV together which highlights your non-executive experience and

draws out your relevant strengths .” In addition her advice would be to “use

your personal network to promote yourself with head-hunters, chairmen

and non-executive directors . Have clear references and think carefully about

who is going to be a supporter . Ensure you have the right people around

you as sounding boards to challenge and give advice .” She herself was

fortunate enough to have undergone a robust NED training programme

which provided her with mentors that were able to share their insight . “I

was lucky I went through a robust training programme and I had as part

31THE CLASS OF 2014

of that some very senior chairmen as mentors . The value of that was that

they could talk to you about the behaviours, ethics, culture and give you

the benefit of their wisdom of what they would be looking for at different

stages . It’s about striking the right balance between contributing, listening

and learning . Having people around you who have been there and done it is

really valuable .”

Cathryn strongly believes that you should be as clear as possible about

what interests you . “The temptation is to jump at the first thing but you are

in it for the long term and need to be clear about what you want to do and

why . I would also encourage budding NEDs to read various publications;

one is never too old to learn and it is helpful to have different views and

perspectives .”

For chairmen who are keen to attract the best NED talent, Cathryn would

give the following advice: “I would encourage them to widen the net as

much as possible and to keep an open mind rather than considering the

obvious people they know in their current circles .” This is particularly true

for women “Notoriously women don’t promote themselves quite as well as

men have in the past . There is a lot of hidden talent under the radar and it

is easy to overlook that talent because we have a natural tendency to go to

those we trust .”


• Work your network, let them know your ambitions of joining

a board and use them as a sounding board to constructively

challenge you .

• Put together a CV aimed at highlighting your non-executive

capabilities and strengths .

• Be clear about what your interests are and don’t jump at the

first thing that comes along . It’s a long term game and you

being clear about why is important .

32

Rebecca Worthington (Hansteen Holdings Plc).

Rebecca is a seasoned Finance Director, having spent more than 10 years

in various roles with the FTSE-listed Quintain Estates & Development . She

sat on the Executive Board from 2001 and left in 2012 to set up her own

business, Lodestone Capital . Her first Board role came in the form of Aga

Rangemaster, the FTSE small-cap manufacturer, in 2013, and she then

subsequently secured her first FTSE 250 appointment through Hansteen

Holdings in 2014 . As a former Finance Director of a listed entity, Rebecca

brings the perspective of financial experience on a Board as well as the view

of someone juggling a full-time role alongside her appointments .

On managing the time commitment of her current portfolio, Rebecca has

consciously evaluated the time she can dedicate to all her roles . ‘I decided

the maximum number of NED roles I can take on whilst I have a day job

is two . The worst thing you can do is take on too much and not do it well .

The reason I’m able to take on two is because I run my own business and

therefore can partly be the master of my own destiny . I think you have to

be very careful about extending beyond one if you are in an executive role .

The pressure on time with family is there, and I have been approached on

a couple of interesting Non-Executive roles and have had to say no as I just

can’t see any scope to do them properly’ .

Rebecca’s background has been helpful in her transition to a NED role with

a FTSE 250 company . She spent a number of years as an Executive Director

on the Board of Quintain Estates, observing the behaviours and approaches

of other Board Members, and has drawn on this experience . ‘Through my

time, I’ve seen three Chairmen and a number of NEDs coming and going . I

have had a view on what both good and bad looked like . And whilst I knew

that I’m far from perfect, I made the point to mould myself as far as I could

on the habits of the people I thought made good NEDs’ .

She didn’t find the transition to the Board of Hansteen Holdings as a

NED particularly challenging, partly because she has operated in a similar

structure at Quintain with a Founder/CEO . She has empathy toward the

ways of the working and the dynamics of the Boardroom; however, despite

all this experience, Rebecca consciously educates herself on issues that

come up and is prepared . ‘Being on top of your subject and having properly

read the Board papers are some of those “good” behaviours I tried to

replicate . If you haven’t understood something, try covering it ahead of

the Board meetings . That’s not always possible, but I think it’s important to

identify where you need support’ .

33THE CLASS OF 2014

On her reasons for joining a FTSE 250 Board, Rebecca was keen to stay

connected to the listed environment and contribute with her experience

from this type of structure . ‘The reason I chose Hansteen was partly when

I stepped down from a public listed company, it was quite appealing to

be back in the real estate plc world, even if on a part-time basis’ . There

were other reasons this particular Board also appealed to her: ‘It was the

management team, dynamic and entrepreneurial, high-calibre NEDs . A good

team of Executives and Non-Executives . That was critical in deciding who

you want to spend time with’ .

At the same time, she recognises the different motivations for joining a

particular company . ‘It all depends on what you’re looking for . If you’re

looking for a crisp, clean CV—go and do a safe FTSE 100 . The thing that gets

me more excited is having genuine issues to solve—that’s what I enjoy’ .

Rebecca has also pointed out the continuous education process after joining

the Board, and her recommendation is to seek advice and training of the

Big Four and at the same time being mindful of the time commitment this

entails . “I have always used consultants to educate myself . A lot of the Big

Four offer training . It’s really important to ask for what you want, but it does

require time commitment’ .

Advice to others seeking a FTSE 350 appointment:

• Balance choosing a Board on the basis of your skills and abilities,

and with whom you want to work .

• Make sure you are clear about the time you have to dedicate to

the Board role . If you are in an executive role, be careful about

extending it beyond one .

• If you can’t get comfortable around the accounts, don’t go for it .

• Balance being proactive and patient . It took me the best part of

two years to get my NED roles .

• My advice to Chairmen would be to push headhunters wider .

Not every appointment has to be safe . Occasionally it would be

better to take a risk and have a wider diversity .

• Try and find a way to be front of people’s minds . That’s more

difficult when you have a day job, but relentless proactivity and

self-promotion pays off .

34

DR ALISON GOLIGHER OBE - MEGGITT PLC

Currently Executive Vice President for the Upstream International

Unconventionals at Shell International Exploration and Production, a

role she took on in 2013 . Previously she worked in a number of roles

for Shell International Exploration and Production between 2006 and

2012, including Regional Vice President of Production in Asia and Vice

President of Technical in the Middle East and Corporate Support in

Europe . Prior to that she worked in various positions at Schlumberger

between 1998 and 2006, including Vice President of Production and

Head of Technology at Schlumberger Wireline Services .

AEROSPACE & DEFENCE

SUSAN SEARLE - QINETIQ GROUP PLC

Currently sits on the Boards of Benchmark Holdings and DeltaDOT

Technologies and is an International Advisory Board Member at

PTT Global . Previously she was Chief Executive Officer of Imperial

Innovations from 1999 to 2013 . Early career at Signet Group and Bank

of Nova Scotia .

Biographies of The Class of 2014.

35THE CLASS OF 2014

DR PHILIP AUGAR - TSB BANKING GROUP PLC

Currently Public Interest Committee Member for KPMG, a role he took

on in 2014, and since 2000 the Owner of Philip Augar and Associates .

Previously Advisor to the Home Secretary between 2010 and 2014,

and was also a Member of the Cabinet Office . Since 2000 he has been

involved in consulting, writing, and public speaking with Philip Augar

Associates . Prior to that he was Group Managing Director of Securities

at Schroders Securities from 1995 to 2000 and Senior Managing

Director of Natwest between 1989 and 1995 . Early career with Wood

Mackenzie .

BANKS

MARK FISHER - TSB BANKING GROUP PLC

Most recently Director of Operations at Lloyds Banking Group between

2009 and 2014 . Previously CEO of ABN AMRO between 2007 and

2008 . Prior to that he was Division CEO of Manufacturing at Royal

Bank of Scotland and then Director from 2006 to 2008 . Before that

he worked for nearly 20 years for National Westminster in various

positions, including Chief Operating Officer and Finance Director .

MORTEN FRIIS - ROYAL BANK OF SCOTLAND GROUP PLC

Most recently Chief Risk Officer for Royal Bank of Canada between

2009 and 2014 . Previously he was Executive Vice President and Chief

Risk Officer from 2005 to 2009 . Prior to that he held a number of

positions between 1977 and 1997 at Royal Bank of Canada, including

Senior Vice President with responsibility for Credit and Counterparty

Risk Issues .

36

BANKS

SIMON HENRY - LLOYDS BANKING GROUP PLC

Currently Chief Financial Officer of Royal Dutch Shell, a role he took on

in 2009 . He has worked for Royal Dutch Shell for more than 30 years

in various positions, including Division Executive Vice President of

Finance between 2004 and 2009 and Head of Investor Relations from

2001 to 2004 . Qualified Management Accountant .

DYFRIG JOHN CBE - LLOYDS BANKING GROUP PLC

Chairman of Principality Building Society from 2010 to 2014 . Previously

he held various senior roles at HSBC Bank, having worked there for

more than 35 years between 1971 and 2009, latterly serving as Chief

Executive Officer, Chief Operating Officer, and Chairman . He has also

sat on the Board of Marks & Spencer Financial Services and was Chief

Executive Officer of HSBC in India between 1997 and 1999 .

NAGUIB KHERAJ - STANDARD CHARTERED BANK PLC

Most recently Vice Chairman of Barclays Bank between 2011 and 2013 .

Previously he was Chief Executive Officer of Lazard International

and Chief Executive Officer of JP Morgan Cazenove . Was also Senior

Advisor to the Financial Services Authority . He has sat on the Boards of

NHS England, Absa Bank, and Barclays Africa . He worked for Barclays

from 1997 to 2007 in various positions, including Group Finance

Director and Division Chief Executive Officer of Barclays Private Clients .

Early career with Salomon Brothers .

37THE CLASS OF 2014

BANKS

DR HEIDI MILLER - HSBC HOLDINGS PLC

Currently sits on the Boards of First Data, a role she took on in 2014,

and General Mills, a role she took on in 1999 . Previously sat on the

Board of Progressive Corporation . Prior to that she worked for JP

Morgan Chase as Chief Executive Officer of Treasury and Security

Services and then President of the International Division . Before that

she was Chief Finance Officer of Bank One and Vice Chairman of Marsh

& McLennan . She was also Chief Finance Officer of both Priceline and

Citigroup . Early career with Travelers Group .

ALEXANDRA PRITCHARD - TSB BANKING GROUP PLC

Currently sits on the Boards of Findel, MBNA, and Gradient Finance .

Previously sat on the Boards of Permanent TSB Group, Skipton

Building Society, and Financial Services Compensation Scheme . Prior

to that she was Senior Partner at PricewaterhouseCoopers and Partner

at KPMG, both within the Financial Services division . In between

these two roles, she was also Advisor in Risk Management at AON

between 2002 and 2004 . Before that she was Head of Treasury at

Anglo American from 1983 to 1986 . Early career with Stokes Kennedy

Crowley . Chartered Accountant .

38

STEPHEN THIEKE - BARCLAYS PLC

Formerly Senior Advisor at Promontory Financial Group and

Independent Director at PNC Financial Services Group . Was also

Chairman at Riskmetrics Group from 1998 to 2010 and served on the

Board of the Financial Services Authority . As an executive he spent

many years at JP Morgan, latterly serving as Chairman of JP Morgan

Securities and Head of the Fixed Income Division . Early career at the

Federal Reserve Bank of New York, where he rose to become Head of

the New York Credit and Capital Markets Group .

BANKS

POLLY WILLIAMS - TSB BANKING GROUP PLC

Currently Chairman of the National Counties Building Society and sits

on the Boards of Daiwa Capital Markets Europe and Scotiabank Ireland .

She has had an extensive non-executive career, having sat on the

Boards of Advanced Payment Solutions, Worldspread Group, Espirto

Santo Investment Bank, Z Group, and Legend Communications . She

spent more than 15 years with KPMG, becoming Partner in 1997, and

leaving in 2003 . Chartered Accountant .

BEVERAGES

SILVIA DIAS LAGNADO - BRITVIC PLC

Currently Senior Director of Sapient, a role she took on in 2013 .

Previously she was Chief Marketing Officer of Bacardi and President

of Bacardi Global Brands between 2010 and 2012 . Prior to that she

worked for Unilever from 1986 to 2010 in various positions, including

Global Executive Vice President of the Savoury Category, Global Senior

Vice President of Dove, Vice President of Deodorants Division in Latin

America, and Marketing Manager for Oral Care .

39THE CLASS OF 2014

IAN MCHOUL - BRITVIC PLC

Chief Financial Officer of Amec Foster Wheeler (formerly Amec) since

2008 . Previously served on the Board of Premier Foods between 2004

and 2012 . Formerly Group Finance Director of Scottish & Newcastle

between 2001 and 2008 . Early career with KPMG . Chartered

Accountant .

BEVERAGES

ALAN STEWART - DIAGEO PLC

Currently Chief Financial Officer of Tesco, a role he took on in 2014 .

Previously he was Chief Financial Officer of both Marks & Spencer and

AWAS Aviation Capital . Prior to that he was Group Finance Director

of WH Smith between 2005 and 2008 and Chief Executive Officer

of Thomas Cook UK from 2001 to 2003 . Has sat on the Board of

Games Workshop . Early career at HSBC Investment Bank . Chartered

Accountant .

NICOLA MENDELSOHN - DIAGEO PLC

Currently Regional Vice President of Europe, Middle East, and Africa

for Facebook, a role she took on in 2013 . Previously she was Chairman

of Karmarama Communications between 2008 and 2013 . Prior to that

she was President and Vice President for Europe of the Institute of

Practitioners in Advertising from 2011 to 2013 . Before that she worked

in various positions, including Deputy Chairman for Grey London

between 2004 and 2007 . Early career at Bartle Bogle Hegarty .

40

JULIE SOUTHERN - RENTOKIL INITIAL PLC

Currently sits on the Board of NXP Semiconductors, a role she took

on in 2013 . Previously she held a number of roles at Virgin Atlantic

Airways from 2000 to 2013, including Chief Commercial Officer, Chief

Financial Officer, and Executive Director of Finance . Early career at

PricewaterhouseCoopers . Chartered Accountant .

BUSINESS SERVICES

MAARIT AARNI-SIRVIO - BERENDSEN PLC

Currently Managing Director of Borealis and Senior Director of Eera

Oy, and sits on the Board of Wartsila . Previously sat on the Board of

Rautaruukki between 2004 and 2012 and was Chairman of Det Norske

Myntverket and Oy Nordic Moneta from 2008 to 2010 . Before that she

held a number of Board positions at Ponsse, Epec, Vattenfall Europe,

Noretyl, and North Sea Petrochemicals . Between 2008 and 2010 she

was the President and Chief Executive Officer of Mint of Finland . Early

career at Neste Oy .

JEFF RANDALL - BABCOCK INTERNATIONAL GROUP PLC

Most recently Broadcaster and Presenter for Sky News between 2007

and 2014 . Alongside that he was also Editor and Premier Commentator

for the Daily Telegraph . Previously he was First Business Editor for

the British Broadcasting Corporation from 2001 and 2005 as well as

working in various positions for ITV . Prior to that he was Editor for

the Sunday Business Newspaper and Sunday Times . He was Deputy

Chairman of FTI Consulting between 1995 and 1996 and has also

worked at the Sunday Telegraph, Barron’s Business, and Financial

Weekly . Early career at Hawkins Publishers .

41THE CLASS OF 2014

STEPHEN GOOD - ELEMENTIS PLC

Most recently Chief Executive Officer of Low & Bonar, with whom

he worked for 10 years . He held various other positions, including

Managing Director of Technical Textiles and Division Director of New

Business and Plastics . Prior to joining Low & Bonar, he spent 10 years

with Clariant International in a variety of leadership positions managing

international speciality chemical businesses . Early career with KPMG .

Chartered Accountant .

CHEMICALS

BRENDAN CONNOLLY - SYNTHOMER PLC

Currently sits on the Boards of Cape, Fit for Life International, and

Sparrows Offshore Group . Previously he was Regional President for

Caspian, Middle East, FSU, and Russia for Industry Services Business

at Intertek Group . Prior to that he was acting Chief Executive Officer

and also sat on the Board of Cape . Before that he was Chief Executive

Officer of Moody International between 2006 and 2011 . He also worked

in various positions for Atos Origin UK, including Chief Executive

Officer . Early career at Schlumberger .

HELENA GANCZAKOWSKI - CRODA INTERNATIONAL PLC

Founder of HLG Consulting and sits on the Board of Ecover, a role

she took on in 2013 . Previously she worked for Unilever for more

than 15 years in various positions, including Head of Global Agencies,

Global Brand Leader of Flora/Becel, UK Marketing Director, and

Senior Corporate Strategist . Prior to that she was Manager of UK and

European Brand and Marketing at Lever Brothers between 1988 and

1995 .

42

OLIVIER GOUDET - JIMMY CHOO PLC

Currently Partner at JAB Holding and Chairman of Peet’s Coffee & Tea,

a role he took on in 2013 . He also sits on the Boards of Coty, D E Master

Blenders, and Anheuser-Busch Inbev . He is also Advisor to the Board

of Mars . Previously Executive Vice President and Chief Financial Officer

of Mars between 2004 and 2012, during which time he oversaw the

acquisition of Wrigley and an increase in net revenue . Prior to that he

held various positions at Mars from 1990 to 2004 .

CLOTHING, LEISURE, & PERSONAL PRODUCTS

JASPAL BINDRA - RECKITT BENCKISER GROUP PLC

Currently Group Executive Director of Standard Chartered and

Regional Chief Executive Officer of South and South East Asia . He

started working for Standard Chartered in 1998 and held various

positions, including Global Head of Client Relationships in Wholesale

Banking, and he was a Member of the Executive Committee . Prior to

that he was Regional Head of Business Development in India for UBS

between 1994 and 1998, after spending 10 years at Bank of America

in various positions, including Regional Head of Finance Institutions in

India . Chartered Accountant .

GIANLUCA BROZZETTI - JIMMY CHOO PLC

Currently Partner of JAB Holding, a role he took on in 2014, and Chief

Financial Officer of JAB Luxury, a role he took on in 2010 . He has

20 years of experience in the luxury consumer industry . Previously

Chief Financial Officer of Bally between 2005 and 2010, and prior to

that Chief Financial Officer of IT Holdings . He was Corporate Finance

Director of Diners Club Europe from 1999 to 2003 . Before this he was

Treasurer and Corporate Finance Director of IT Holding .

43THE CLASS OF 2014

CAROLINE SILVER - PZ CUSSONS PLC

Currently Managing Director of Moelis & Company, a role she took on

in 2009 . She has more than 25 years of experience in the investment

banking industry, having previously worked in various positions for

Merrill Lynch & Company, including Vice Chairman of EMEA Investment

Banking . Prior to that she worked in various positions for Morgan

Stanley between 1994 and 2008, including Global Vice Chairman

of Investment Banking . Held various roles in Corporate Finance at

Deutsche Morgan Grenfell . Early career at PricewaterhouseCoopers .

Public Accountant .


DAVID POULTER - JIMMY CHOO PLC

Currently sits on the Boards of Dwp Consulting, a role he took on in

2013, and Latchmore Place, a role he took on in 2006 . Previously Senior

Vice President of Finance at Reckitt Benckiser from 2009 to December

2012 . He was also the Head of Internal Audit and the Finance Director

for Developing Markets . Early career with Coopers & Lybrand .


SUE SHIM - RECKITT BENCKISER GROUP PLC

Currently Executive Vice President and Chief Marketing Officer of

Samsung Electronics, a role she took on in 2010 . She had been Vice

President of Brand Strategy prior to this . Prior to that she was Global

Marketing Director of the Beauty Care Global Business Unit at Procter

& Gamble . She was also Division Director of Marketing for Procter &

Gamble across Northeast Asia and Korea .

44

KIRSTY BASHFORTH - KIER GROUP PLC

Currently Group Head of Organisational Effectiveness for BP, a role

she took on in 2011 . Previously worked in a number of positions at

BP, including European Head of Sales, Marketing & Logistics for BP’s

Petrochemicals business, Strategy & Marketing Director for its global

b2b marketing businesses, and Chief of Staff to the Chief Executive

Officer of Refining & Marketing .


ROBERT SINGER - JIMMY CHOO PLC

Currently sits on the Boards of Coty, Mead Johnson Nutrition, Tiffany,

and Gianni Versace, and is Executive Advisor at CCMP Capital

Advisors . Previously sat on the Board of Benetton Group and was Chief

Executive Officer of Barilla Holdings . Prior to that he was President and

Chief Operating Officer of Abercrombie and Fitch between 2004 and

2005 . He was Partner, and then Executive Vice President and Chief

Financial Officer, of Gucci Group from 1994 to 2004 . Before that he

was Audit Partner at Coopers & Lybrand .

DOUGLAS TOUGH - RECKITT BENCKISER GROUP PLC

Currently on the Board of Molson Coors Brewing, a role he took on

in 2012 . Previously Chairman of International Flavors & Fragrances in

2014, having served as Chief Executive from 2010 to 2014 . Prior to this

he was Chief Executive Officer and Managing Director of Ansell from

2004 to 2010 . Before that he spent 15 years at Cadbury Schweppes

in various positions, including President of Cadbury Beverages

International . He was also the Chief Executive Officer of Dr Pepper/

Seven Up . Early career at Procter & Gamble .

CONSTRUCTION & BUILDING MATERIALS

45THE CLASS OF 2014


JOHN DALY - WOLSELEY PLC

Currently Director of Reynolds American, a role he took on in 2010 .

Previously he worked for British American Tobacco for 10 years in a

number of roles, including Regional Director of Asia Pacific, Regional

Director of Middle East and North Africa, Chief Operating Officer, and

Executive Director . During this time he also served as Representative

Director for ITC between 2005 and 2009 . Prior to that he was Regional

Managing Director for Japan and Korea for Rothmans International and

Director of Strategy and Planning for Rothmans Europe . Early career at

Bristol-Myers Squibb Pharmaceuticals .

DIANA BRIGHTMORE-ARMOUR - BERKELEY GROUP HOLDINGS PLC

Currently Regional Chief Executive of Australia and New Zealand Bank,

a role she took on in 2013 . Served as a NED of the UK Department

for Communities and Local Government between 2011 and 2013 . She

was Division Chief Executive for Corporate Banking at Lloyds Banking

Group from 2007 to 2012 and Managing Director of Corporate Banking

between 2004 and 2006 . Worked at MCI Group UK as Corporate

Development Officer and was also Chief Executive Officer and

Chief Financial Officer at Oneswoop .com . Early career at Coca-Cola

Beverages . Chartered Accountant .

DR CHRISTINE BROWNE - BOVIS HOMES GROUP PLC

Currently Chief Operating Officer of Aviation across the Mainstream

Sector at Tui Travel, a role she took on in 2014 . Previously she was

Managing Director of Thomson Airways between 2007 and 2014 .

Previously worked in various positions at First Choice Airways from

1999 to 2007, including Managing Director of the Travel Choice

Division . Before that she worked in various positions at Carlson

Worldchoice and Iberia Líneas Aéreas de España .

46


ELIZABETH PEACE CBE - REDROW PLC

Currently Chief Executive Officer of the British Property Federation,

a role she took on in 2002, and sits on the Board of Morgan Sindall

Group, a role she took on in 2012 . Previously she was the Director of

Corporate Affairs for QinetiQ Group between 1990 and 2002 . Prior

to that she worked as Assistant Director in a number of departments,

including Army Secretariat and Defence Lands, at the UK Ministry of

Defence from 1974 to 1990 .

THERESE MILLER - GALLIFORD TRY PLC

Most recently General Council for the London Organising Committee

of the Olympic Games and Paralympic Games, directly responsible

for all legal aspects of the planning and delivery of the Games in 2012 .

Previously worked at Goldman Sachs from 1989 to 2006, latterly

serving as General Council .

STEPHANIE NEWBY - AMEC FOSTER WHEELER PLC

Currently Chief Executive Officer of Crimson Hexagon, a role she

took on in 2012 . Previously she was Managing Director of Golden

Seeds, which she founded in 2004 . Prior to that she was President

of Morganae Foundation, which she also founded in 2001 . She was

President of Alsel between 2001 and 2003 and has also sat on the

Board of Riskmetrics Group . Early career with JP Morgan .

47THE CLASS OF 2014


JOHN ROGERS - TRAVIS PERKINS PLC

Currently Chief Financial Officer of Sainsbury’s and sits on the Board

of Sainsbury’s Bank; he took on both roles in 2010 . Previously he was

Property Director and Member of the Operating Board for Sainsbury’s

between 2008 and 2010 . He was also Director of Finance and

Corporate Finance from 2005 to 2008 . Prior to that he was Group

Finance Director for Hanover Acceptances and Manager at Moniter,

which saw him lead a number of major acquisitions in both roles .

Before that he worked for five years between 1991 and 1996 at Arthur

Andersen . Early career with Omron and British Aerospace Dynamics .

CERI POWELL - CARILLION PLC

Currently Executive Vice President and Global Head of Exploration

for Royal Dutch Shell Group, a role she took on in 2013 . Previously

she was Executive Vice President of Exploration for Shell Upstream

International between 2009 and 2013 . Prior to that she worked in a

number of positions for Royal Dutch Shell Group from 1989 to 2009,

including Vice President of Strategy, Regional Vice President of

Exploration in the Middle East, Caspian, and South Asia, and Head of

Division for Upstream Competitive Intelligence .

PETER REDFERN - TRAVIS PERKINS PLC

Currently Group Chief Executive Officer of Taylor Wimpey, a role he

took on 2007, and sits on the Board of the Home Builders Federation,

a role he took on in 2012 . Previously he worked for George Wimpey

between 2001 and 2007 in various positions, including Financial

Director and Managing Director . Prior to that he was Financial Director

of Rugby Cement . Early career with KPMG .

48


NANCY TUOR - KELLER GROUP PLC

Currently sits on the Board of Global Food Exchange, a role she took

on in 2013 . She previously worked at CH2M Hill for 32 years between

1980 and 2012 in various positions, including Chief Executive Officer

and Group President . Her other roles included Head of Federal Client

Group and Regional Manager of the South Atlantic Region . During her

tenure she was also Chief Operating Officer at Kaiser Hill from 2001 to

2004 .

HENK ROTTINGHUIS - CRH PLC

Currently Chairman of Stork Technical Services Group, a role he took

on in 2012, and Blokker Holdings . He was previously on the Board of

Royal Bank of Scotland NV and held a number of positions at PON

Holdings between 1999 and 2010, including Chairman, Chief Executive

Officer, Chief Financial Officer, and Managing Director . Prior to that he

served on the Board of Stichting CHIO Rotterdam from 1989 to 1994

and as Director of European Road Transport Division at Royal Nedlloyd

between 1982 and 1993 .

JACKY SIMMONDS - WOLSELEY PLC

Currently Group Director of Human Resources for Tui Travel, a role she

took on in 2010 . Previously worked for Tui UK & Ireland as the Human

Resources Director for UK and Ireland between 2007 and 2009 . Prior

to that she was Human Resources Manager for First Choice Holidays

from 2000 to 2007 and Head of Human Resources at National

Magazine between 1994 and 2000 .

49THE CLASS OF 2014

CONSUMER SERVICES

BENJAMIN HOLMES - JUST EAT PLC

Currently Partner of Index Ventures and sits on the Boards of Astley

Clarke, Index Venture Management, Notonthehighstreet Enterprises,

and Secret Escapes . Prior to Index, he worked at EO Plc, a financial

services startup, and with NewMedia Spark as an Investment Manager .

He started his career as a consultant at OC&C Strategy Consultants

advising clients in retail, media, and private equity sectors .

LAUREL BOWDEN - JUST EAT PLC

Currently Partner at 83North, a role she took on in 2008, and sits on

the Boards of Investec and Notonthehighstreet Enterprises . Previously

Partner at Jerusalem Venture Partners between 2000 and 2007 . Prior

to that she worked in various positions for GE Capital Europe from 1997

to 2000, including Director of Business Development and Director of

eFund . Before that she was Senior Consultant at Gemini Consulting .

She has sat on the Boards of Hybris, Oblicore, and Touch Clarity . Early

career with Shell Oil Refinery .

ANDREW GRIFFITH - JUST EAT PLC

Currently Chief Financial Officer and MD Commercial Businesses at Sky,

a role he took on in 2008, and sits on the Board of Sky Deutschland,

a role he took on in 2014 . Previously worked in various positions at

Sky since 1999, including Director of Group Finance, Mergers and

Acquisitions, and Investor Relations . Prior to that he was Corporate

Finance Advisor at NM Rothschild & Company between 1996 and 1999,

and Senior Auditor at Coopers & Lybrand from 1992 to 1996 . Chartered

Accountant .

50

CONSUMER SERVICES

IAN GRIFFITHS - DS SMITH PLC

Currently Group Finance Director at ITV, a role he took on in 2008 .

Previously held a number of roles at EMAP between 1994 and 2008,

including Group Financial Director, Director of Financial Control

Division, Group Head of Finance, and Manager of Group Performance .

Early career at Ernst & Young in Audit and Corporate Finance

Departments from 1988 to 1994 . Chartered Accountant .

HENRI MOISSINAC - JUST EAT PLC

Currently Director of Mobile Business Development across Europe,

Middle East, and Africa for Uber .com, a role he took on in 2014 .

Previously Director of Mobile Partnerships for Facebook between 2008

and 2014 as well as DropBox . Prior to that he was Director of Product

Strategy for Ebay from 2005 to 2008, and Investment Director at

Atlas Venture from 2002 to 2004 . Before this he was Chief Technology

Officer of Ibazar and Vice President of Product and Technology at

France Telecom . Early career with Arthur D . Little .

DR LYNN DRUMMOND - RPC GROUP PLC

Currently Chairwoman of Venture Life and sits on the Boards of

Allocate Software, Infirst Healthcare, and Shield Holdings . Previously

she sat on the Boards of Alimentary Health and Consort Medical . Prior

to that she worked for Rothschild & Sons between 1994 and 2010, most

recently as Managing Director within the Investment Banking Division,

with a particular focus on transactions in the healthcare sector . Early

career as Private Secretary to the Chief Scientific Advisor in the

Cabinet Office .

CONTAINERS & PACKAGING

51THE CLASS OF 2014

PROF DR GODWIN WONG - RPC GROUP PLC

Currently Visiting Associate Professor at Haas School of Business,

University of California, Berkeley and Mannheim Business School,

Germany . Previously served as NED for both UCBH Holdings and

Infosmart Group . Prior to that he worked in a number of roles at

University of California, Berkeley, including Institutional Research and

Programming Planning and Special Assistant to the Vice Chancellor .

Early career as Senior Research Analyst at University of Georgia .

LISA DAVIS - SPECTRIS PLC

Currently Executive Vice President of Strategy, Portfolio, and Alternate

Energy for Shell International Petroleum, a role she took on in 2012 .

Previously she was President of Shell Oil’s Lubricants and Bulk

Fuels businesses in the Americas between 2008 and 2012, and Vice

President of Supply in Europe . Before that she was Vice President of

Strategy, Portfolio, and Planning as well as Vice President of Operations

and Maintenance for Shell Oil . Early career at Chevron and Exxon

Company .

LOUISE SMALLEY - DS SMITH PLC

Currently Group Human Resources Director of Whitbread, a role she

took on in 2012 . Previously she was Human Resources Director for

Whitbread and Whitbread Restaurants between 2003 and 2012 . Prior

to that she worked as Human Resources Director at both the Pelican

Group and Beefeater between 1999 and 2003 and as Manager of

Human Resource Projects at Pizza Hut in the UK from 1995 to 1999 .

CONTAINERS & PACKAGING

ELECTRONIC & ELECTRICAL EQUIPMENT

52

SUCHETA GOVIL - DOMINO PRINTING SCIENCES PLC

Currently Chief Marketing Officer at Koninklijke DSM, a role she has

held since 2015 . Also serves on the Board of Akzo Nobel India as

Alternate Director . Previously served as Global Head of Marketing

for Decorative Paints at Akzo Nobel between 2011 and 2014 . Prior to

this she was Vice President and Executive Director, Innovations and

New Business, at PepsiCo India, and also held a number of roles with

GlaxoSmithKline UK as part of its Strategic Development Group .

LUCINDA BELL - ROTORK PLC

Currently Financial Director of British Land, a role she took on in 2011 .

She has worked for British Land for more than 20 years in a number

of positions, including Director of Financial Planning, Tax Director,

and Head of Accounting (with HR responsibility for a quarter of the

company’s people) . Chartered Accountant .

SIR RICHARD FRIEND - OXFORD INSTRUMENTS PLC

Currently Cavendish Professor of Physics at the University of

Cambridge and Tan Chin Tuan Centennial Professor at the National

University of Singapore . Previously he sat on the Board of Cambridge

Enterprise between 2006 and 2012 . Prior to that he was Chief Scientist

of Plastic Logic from 2000 to 2004, which he co-founded . Before that

he was Chief Scientist of Cambridge Display Technology between 1992

and 2000, which he also co-founded .

ELECTRONIC & ELECTRICAL EQUIPMENT

ENGINEERING & MACHINERY

53THE CLASS OF 2014

ROSS MCINNES - IMI PLC

Currently Deputy Chief Executive Officer of Safran, a role he took on in

2011, and sits on the Boards of Eutelsat Communications and Faurecia .

Previously Vice President and Chief Financial Officer of Thales and

Chief Financial Officer of Kering . He also sat on the Boards of Camelot

Group, Rexel, and Generale De Sante . Prior to that he worked for

Eridania Beghin-Say as Financial Manager for the United States and the

Chief Financial Officer between 1989 and 1999 . Before that he worked

in various positions for Continental Bank in both Chicago and Paris .

Early career with Kleinwort Benson Private Bank .

WILLIAM SEEGER - SMITHS GROUP PLC

Most recently Group Finance Director of GKN between 2007 and

2014 . Concurrently was Chief Executive Officer of GKN Aerospace

Propulsion Systems and Special Products Division . Before that he was

the Chief Financial Officer of GKN Aerospace between 2003 and 2007 .

Early career in various positions at TRW .

ROY TWITE - HALMA PLC

Currently Managing Director for the Severe Service Division at IMI,

a role he took on in 2012 . Previously he was responsible for Retail

Dispense Business, Global Procurement, and Fluid Power Business

between 2007 and 2012 . Prior to that he was the President of Indoor

Climate Business and worked as a Managing Director at Norgren from

2001 to 2004 . His early career was also at IMI, in various positions .

ENGINEERING & MACHINERY

54

NORMAN MCLUSKIE - VIRGIN MONEY HOLDINGS PLC

Served on the Board of Virgin Money Holdings since 2010 . Was

previously Chairman of MasterCard Europe between 2005 and 2007 .

Previously he was a Member of the Executive Board of the Royal

Bank of Scotland as the Managing Director of Operations and Chief

Executive Officer of Retail Direct . He joined RBS in 1982 after spending

a number of years as an Accountant at Touche Ross . Chartered

Accountant .

MARILYN SPEARING - VIRGIN MONEY HOLDINGS PLC

Former Managing Director and Global Head of Trade Finance for

Deutsche Bank London . Previously served on the Board of Swift . Prior

to that she was Global Head of Payments and Cash Management at

HSBC Bank for more than 10 years . Earlier career in various roles with

Barclays Bank, including Head of Global Electronic Banking .

HUGO RICHARD TUDOR - PARAGON GROUP OF COMPANIES

Former Managing Director of BlackRock Investment Management,

where he worked between 2001 and 2013 . Previously he served as

Investment Director at Schroders Investment Management between

1988 and 2000 . Early career with PricewaterhouseCoopers . Chartered

Accountant .

FINANCE

55THE CLASS OF 2014

MIKAEL OHLSSON - TESCO PLC

Currently Director of Volvo Cars, a role he took on in 2013 . Previously

he was President and Chief Executive Officer of INGKA (Ikea) Holdings

between 2009 and 2013 . Prior to that he was the Regional Manager for

Ikea Retail in Southern Europe and North America from 1994 to 2009 .

PER FRANZEN – SSP GROUP PLC

Currently Head of Equities at EQT Partners, a role he took on in 2014 .

Previously Partner at EQT between 2007 and 2014 . Prior to that he

worked in various positions at Morgan Stanley from 2001 to 2007,

including roles in Mergers and Acquisitions, Leveraged Finance, and

Nordic Banking .

DENIS HENNEQUIN - SSP GROUP PLC

Currently sits on the Board of Eurostar International, a role he took

on in 2012, and John Lewis Partnership, a role he took on in 2014 .

Previously Chief Executive Officer and then Chairman of Accor

between 2010 and 2013 . Prior to that he worked for more than 25 years

in various positions at McDonalds, including President of Europe and

Managing Director of France .

FOOD & DRUG RETAILERS

FOOD PRODUCERS & PROCESSORS

56

FEIKE SIJBESMA - UNILEVER PLC

Currently Chief Executive Officer and Chairman of Koninklijke DSM,

a role he took on in 2007 . He joined the Board of DSM in 2000 and

was responsible for the acquisition of the vitamins and fine chemicals

division of Roche . He is also on the Board of De Nederlandsche

Bank and was previously a Director of the Biotechnology Industry

Organisation . Prior to that he worked in various positions for

Koninklijke Gist-Brocades between 1987 and 1998, including Manager

of Food Specialities Division and Director of Sales and Marketing for

the Industrial Pharmaceuticals Division .

VAGN SØRENSEN - SSP GROUP PLC

Currently Chairman of SSP Group, FLSmidth & Company, TDC, Scandic

Hotels, DFDS, and Holdingselskabet and sits on the Boards of Royal

Caribbean Cruises and Air Canada . Previously Chairman of Kmd,

British Midland, TDC, and Codan . He was Chief Executive Officer of

Australian Airlines between 2001 and 2006 . Prior to that he worked at

SAS for more than 15 years in various positions, including Deputy Chief

Executive Officer and General Manager of SAS Business Systems . He

has sat on the Boards of Cimber Sterling, FormueEvolution, DUNI, and

Sophus Berendsen .

ALISON BRITTAIN - MARKS & SPENCER GROUP PLC

Currently Group Director of Retail at Lloyds Banking Group, a role she

took on in 2011 . Previously Director of Retail at Santander between

2008 and 2011 . Early career at Barclays in various positions, including

Managing Director and Chief Operating Officer between 1988 and

2008 .

FOOD PRODUCERS & PROCESSORS

GENERAL RETAILERS

57THE CLASS OF 2014

BRIAN CARROLL - PETS AT HOME GROUP PLC

Head of Retail at Kohlberg Kravis Roberts and Chairman of Northgate

Information Solutions . He also sits on the Board of Laureate Education .

Previously sat on the Boards of Rockwood, Harman International

Industries, Sealy, Boyds Collection, Borden Chemical, and AEP

Industries . He has worked for Kohlberg Kravis Roberts for 20 years in

various positions, including Associate and then Partner between 2004

and 2011 . Early career with Donaldson, Lufkin & Jenrette .

PAUL COBY - PETS AT HOME GROUP PLC

Currently Chief Information Officer of John Lewis, a role he took on in

2011, and sits on the Boards of P&O Ferries and Société Internationale

de Télécommunications Aéronautiques . Previously Chairman of

Société Internationale de Télécommunications Aéronautiques for more

than 10 years and Chief Information Officer of British Airways between

2001 and 2010 . Prior to that he worked in various positions at British

Airways and the Civil Service . He has sat on the Board of OnAir . Early

career with IBM UK .

GRAEME COULTHARD - CARD FACTORY PLC

Currently Partner at Charterhouse Capital, a role he took on in 2003,

and sits on the Boards of Charterhouse Development Capital and Cf

Topco . He joined Charterhouse in 1997 . Previously he worked in various

positions at Louis Dreyus Energy from 1992 to 1995 and then Granville

Private Equity Partners between 1995 and 1997 . Early career with


GENERAL RETAILERS

58

THERESA (TESSA) GREEN CBE - PETS AT HOME GROUP PLC

Currently sits on the Board of Barts Health NHS Trust, a role she

took on in 2013 . Previously Founding Chairman of the Royal Marsden

NHS Foundation Trust between 1998 and 2010 . Prior to that she was

Chairman on the Local Research Ethics Committee from 1994 to 1998 .

She also sat on the Board of Royal Berkshire and Battle Hospitals NHS

Trust . Before that she was Corporate Finance Executive and then Head

of Communications at Carlton Communications .

WILLIAM (BILL) HOLROYD CBE - AO WORLD PLC

Currently Chairman of TD4 and sits on the Board of Warrington Sports .

Previously Chairman of Millie’s Cookies, Positive Solutions, Oakmere,

and Pernickety . He founded Holroyd Meek in 1981 and was Chief

Executive Officer until 1995 . He has sat on the Boards of DRL, Alderly

Group, Coast WA, and Surf Properties . Early career with Trusthouse

Forte Supplies .

CHRISTOPHER HOPKINSON - AO WORLD PLC

Currently sits on the Boards of Better Business Support, Clifton Trade

Bathrooms, Hopkinson Consultants, and Incentia . Previously worked for

Mark II, a UK distributor of kitchen and bathroom products, and as an

Analyst for Cazenove & Company . Early career as a Pilot with the UK

Royal Air Force .

GENERAL RETAILERS

59THE CLASS OF 2014

ANDREW JENNINGS - TED BAKER PLC

Currently an Advisor for Myer Holdings, a role he took on in 2014 .

Previously worked in a number of executive roles for global retail

brands . He was Chief Executive Officer of Karstadt Warenhaus from

2011 to 2013 . Prior to that he was Managing Director of the Retail

Division at Woolworths Holdings between 2006 and 2009 . He was also

Chief Operating Officer and Chief Merchandising Officer at Saks Fifth

Avenue Enterprises . Early career at Harrods and House of Fraser .

TIMOTHY JONES - POUNDLAND GROUP PLC

Currently Financial Director of Mitchells & Butlers, a role he took on in

2010 . Previously Group Finance Director of Interserve between 2003

and 2010 . Prior to that he was Group Director of Financial Operations

at Novar and held a number of senior financial roles at Exel both in the

UK and overseas . Early career at Coopers and Lybrand and British Gas .


PAUL MCCRUDDEN - CARD FACTORY PLC

Currently Head of Content Marketing across Europe, Middle East, and

Asia at Twitter, a role he took on in 2015, and Chairman of Hoipolloi

Theatre, a role he took on in 2011 . Previously Head of Social Media at

Abbott Mead Vickers between 2011 and 2014, and Account Director at

Imagination TV from 2007 to 2011 . Prior to this he was a Consultant in

New Technologies at Accenture .

GENERAL RETAILERS

60

PAUL MOODY - PETS AT HOME GROUP PLC

Currently Chief Executive Officer of Food Freshness Technology, a role

he took on in 2013, and Chairman of Johnson Service Group, a role he

took on in 2014 . Previously worked for Britvic for more than 15 years in

various positions, including Chief Executive Officer between 2005 and

2013 . Prior to that he was Commercial Director at Golden Wonder and

worked in various positions for Pedigree Pet Foods, including National

Field Sales Controller .

OCTAVIA MORLEY - CARD FACTORY PLC

Currently Chief Executive Officer of OKA Direct, a role she took on

in 2014, and sits on the Board of John Menzies, a role she took on in

2006 . Previously Managing Director of Crew Clothing between 2009

and 2014, and Chief Executive Officer of Lighterlife from 2006 to 2009 .

Prior to that she worked in various positions for Woolworths, including

Commercial Director and Marketing Director, and was Director of

Buying and Merchandising at Laura Ashley . She also worked for Asda

Stores in various positions, including Business Development Manager .

Early career with Goldman Sachs .

MILES ROBERTS - POUNDLAND GROUP PLC

Currently Group Chief Executive of DS Smith, a role he took on in

2010 . Previously he was Chief Executive Officer of McBride and sat

on the Board of Care, both between 2005 and 2010 . Before that he

was Group Finance Director of McBride, Finance Director of Costain,

Financial Director of Affinity Water, and Financial Controller of Vivendi

Water . Early career at Ernst & Young . Chartered Accountant .

GENERAL RETAILERS

61THE CLASS OF 2014

DAVID STEAD - CARD FACTORY PLC

Currently Finance Director of Dunelm Group, a role he took on in 2011 .

Previously Company Secretary of Dunelm Group between 2003 and

2011 . Previously he was Finance Director of Boots UK and Finance

Director of Boots Healthcare International from 1991 to 2003 . Early

career with KPMG . Chartered Accountant .

AMY STIRLING - PETS AT HOME GROUP PLC

Most recently Chief Financial Officer of TalkTalk Telecom group

between 2006 and 2013 . Previously Chief Financial Officer at Carphone

Warehouse from 2000 to 2006 and Head of Business Development at

Rank Group from 1996 to 2000 . Prior to that she was Finance Manager

of Territorial Operations at CIC Video International . Early career with

Arthur Andersen . Chartered Accountant .

DR AYESHA ABDULLAH - NMC HEALTH PLC

Currently Managing Director of Dubai Healthcare City Regulator,

a role she took on in 2014 . Previously Managing Director at Dubai

Biotechnology & Research Park, Telecom Investments FZ and

Dubai Healthcare City . Also served as the Director of the Centre for

Healthcare Planning and Quality, a role she took on in 2008 . Previously

she was the Chief Executive Officer of Dubai Healthcare City between

2008 and 2009 . She was also Chief Executive Officer for the Centre for

Healthcare Planning and Quality from 2004 to 2008 as well as Senior

Vice President of Dubai Healthcare City during this time .

GENERAL RETAILERS

HEALTH

62

VINITA BALI - SMITH & NEPHEW PLC

Currently sits on the Boards of Katsuri & Sons, CRISIL, Syngenta

and Titan Company . Previously Chief Executive Officer of Britannia

Industries between 2005 and 2014 . Prior to that she was Managing

Principal as well as Head of Business Strategy at Zyman Group’s

Atlanta Office from 2003 to 2005 . Before then she spent nearly 10

years at Coca-Cola in various positions, including Vice President of

Corporate Strategy . Early career with Tata Group .

ABDULRAHMAN BASADDIQ - NMC HEALTH PLC

Most recently Managing Partner of Riyadh and Abu Dhabi offices at

Ernst & Young . He spent more than 12 years with a number of Gulf-

based diversified groups across multiple jurisdictions and sectors . Early

career with Ernst & Young . Chartered Accountant .

SALMA ALI BIN HAREB - NMC HEALTH PLC

Currently Chief Executive Officer of Jebel Ali Free Zone Authority and

Chief Executive Officer of Special Economic Zones JSC; she took on

both roles in 2005 . She is one of the first women ever to assume this

level of responsibility in a free zone in the United Arab Emirates, Middle

East, and North Africa region . Previously she was Division Chief for the

Department of Health and Medical Services for Jebel Ali Free Zone

Authority . Early career with Technopark Land .

HEALTH

63THE CLASS OF 2014

ANTHONY (TONY) BOURNE - SPIRE HEALTHCARE GROUP PLC

Currently sits on the Boards of Barchester Healthcare, a role he took

on in 2011, and Bioquell, a role he took on in 2009 . Previously Chief

Executive Officer of the British Medical Association between 2005 and

2013 . Prior to that he was Managing Partner of Hawkpoint Partners

from 1999 to 2004 . Before this he was Global Head of Equity Division

at Paribas between 1986 and 1999 . He has sat on the Boards of

Southern Housing Group and Scope, the cerebral palsy charity . Early

career with Merrill Lynch .

PROF JANET HUSBAND - SPIRE HEALTHCARE GROUP PLC

Currently holds the position of Emeritus Professor of Radiology at

the Institute of Cancer Research and serves on the Boards of Royal

Marsden NHS Foundation Trust and Nuada Medical Group . Prior to her

appointment with the Group, she also served as a Specially Appointed

Commissioner to the Royal Hospital Chelsea and chaired the National

Cancer Research Institute in the UK . She obtained her education at

Guy’s Hospital Medical School and was appointed as Professor of

Diagnostic Radiology at the University of London, Institute of Cancer

Research in addition to more than 20 years as a practising consultant

radiologist .

DR SUPRAJ RAJAGOPALAN - SPIRE HEALTHCARE GROUP PLC

Currently Partner at Cinven, a role he took on in 2011, and sits on the

Board of Medpace, a role he took on in 2014 . Previously Principle of

Healthcare and Industrials at Cinven between 2004 and 2011, and has

also sat on the Boards of several Cinven portfolio companies, including

Phadia and Ahlsell . Prior to that he worked in various positions at the

Boston Consulting Group, advising on the healthcare and financial

services sectors . Early career as a Junior Doctor with the National

Health Service .

HEALTH

64

SIMON ROWLANDS - SPIRE HEALTHCARE GROUP PLC

Currently sits on the Board of Avio, a role he took on in 2010, and MD

Medical Group, a role he took on in 2012 . He is also currently Advisor

to Cinven, a private equity firm he founded and joined in 1986, and

went on to establish the healthcare division . He has extensive Non-

Executive experience, having previously sat on the Boards of EnServe,

RoyVenture Nominees, Generale De Sante, Routledge Publications,

British Printing, Cornstack, and RPC Group .

BINAY SHETTY - NMC HEALTH PLC

Currently sits on the Boards of BR Property Developers, UAE

Exchange & Financial Services, XM Software Solutions, and Xpress

Money Services . Previously Chief Operating Officer and Division Chief

Operating Officer of Healthcare at NMC Health between 2012 and 2014 .

DR NANDINI TANDON - NMC HEALTH PLC

Currently Vice Chairman of El Camino Hospital, a role she took on in

2012 . Previously she was Managing Director and Venture Partner of

Lumira Capital between 2004 and 2012 . Prior to that she was a Partner

of RBC Capital Partners from 2002 to 2004 and Senior Director of

Corporate Development at Arca Biopharma between 1998 and 1999 .

Early career as Commercial Development Manager at Chiron and

Medical Representative at Glaxo Wellcome .

HEALTH

65THE CLASS OF 2014

DR YUN LIU - ARM HLDGS PLC

Currently Chief Business Officer of Qihoo 360 Technology and sits on

the Board of Digital China; he took on both roles in 2014 . Previously he

was Vice President of Sales for Mainland China, Hong Kong, and Taiwan

for Google between 2008 and 2013 . Prior to that he was Regional Chief

Executive Officer for China of SK Telecom and sat on the Board of TTP

Communications . Before this he was General Manager of the Telecom

Division for Lion Group from 1998 to 2002 . Early career with Singapore

Telecommunications .

JAMES ARNELL - SAGA PLC

Currently Partner at Charterhouse Capital Partners and sits on the

Boards of Elior, TSL Education Group, TES Global, Acromas Holdings,

and PHS Group Holdings . Previously sat on the Boards of Fives-

Lille (Compagnie De), Saga Services, and Mitsubishi Rayan Lucite

Group, among others . Prior to that he worked in various positions for

Charterhouse Capital Partners between 1997 and 2003 . Early career at

Bain & Company .

COLONEL ANDREW BLOWERS - AA PLC

Founded Swiftcover .com in 2004 and was CEO until 2009 . Previously

Executive Director of Churchill Insurance which he joined after they

acquired one of his previous businesses, Inter Group Insurance

Services, in 2001 . Early career in the British Army .

INFORMATION TECHNOLOGY HARDWARE

INSURANCE

66

SIMON J BREAKWELL - AA PLC

Currently serves on the Board of HomeAway and as a Venture

Partner at Technology Crossover Ventures . Between 2012 and 2013,

he established the European operations for Uber .com . Previously he

held a number of leadership roles with Expedia, including Managing

Director for Europe and Regional President for EMEA . He served on the

Board of Expedia between 2006 and 2009 as a NED . Early career with

Microsoft in various sales roles .

BRIAN CARPENTER - AMLIN PLC

Most recently Underwriting Director on the Board of Amlin as well

as Chief Executive Officer of Amlin UK from 2000 to 2014 . He was a

Member of the Lloyd’s Business Development Unit Board . Early career

at Amlin Underwriting and Sedgwick & Marsh .

PETER CLARKE - LANCASHIRE HOLDINGS LTD

Worked for Man Group from 1993 to 2013, latterly serving as Chief

Executive Officer and Finance Director . Prior to that he worked in

Mergers, Acquisitions, and Investment Banking for both Citicorp and

Deutsche Morgan Grenfell . Early career with Slaughter & May .

INSURANCE

67THE CLASS OF 2014

ENRICO CUCCHIANI - RSA INSURANCE GROUP PLC

Former Chief Executive Officer of Intesa Sanpaolo between 2011 and

2013 . Prior to this he was President of Allianz, in charge of the South

Europe and South American regions from 2006 to 2011, and Chief

Executive Officer of Lloyd Adriatico between 1998 and 2005 . Early

career at McKinsey & Company and Gucci Group .

DR CLAUS-MICHAEL DILL - CATLIN GROUP LTD

Currently Chairman of General Reinsurance, a role he took on in 2009,

and sits on the Boards of Polygon, HUK Coberg, Golding Capital

Partners, and MLP . Previously Chief Executive Officer of Damp Holding

between 2006 and 2012 . Prior to that he was Deputy Chairman of

General Reinsurance and Chairman of Deutsche Ärzteversicherung .

From 1999 to 2005 he was Chief Executive Officer of AXA Konzern,

responsible for operations in Germany and Central Europe . He has sat

on the Boards of Wuerttemberg, MONY Life Insurance Company of

America, and Babcock Borsig . Early career with McKinsey & Company .

HANS-PETER GERHARDT - BRIT PLC

Currently sits on the Boards of African Risk Capacity Reinsurance, Brit

Insurance Holdings, and Brit Syndicates . Previously Chief Executive

Officer of Paris Holdings between 2006 and 2010, which he created

in 2006 with the support of private equity investors to acquire

the business and management team of AXA . Prior to that he was

Chief Executive Officer of AXA from 2003 to 2006 . He held both

underwriting and management functions for Cologne Group between

1988 to 2003, which merged into General Cologne, where he served as

Vice Chairman . Early career with Hannover Re Group .

INSURANCE

68

ROBIN HOOPER - SAGA PLC

Currently Partner at CVC Capital Partners, a role he took on in 2013,

and sits on the Boards of Galaxy Finco and Acromas Holdings . He

joined CVC Capital Partners in 2003 and has worked in various

positions, including Senior Managing Director between 2010 and 2013 .

Previously Vice President of Mergers and Acquisitions at Citigroup .

Early career with Schroders .

MAARTEN HULSHOFF - BRIT PLC

Currently Advisory Chairman to HB Reavis Group, a role he took on

in 2007, and sits on the Board of Brit Insurance . Previously Chairman

of Credit Europe Bank between 2008 and 2012 and Chief Executive

Officer of Rodamco Europe from 2001 to 2007 . Prior to that he was

Chairman and Chief Executive Officer of Rabobank International and

Chairman of Atradius Credit Insurance . He worked in various positions

at Citibank between 1976 and 1995, including General Management

positions in Europe and Asia . Early career with OCE .

IPE JACOB - BRIT PLC

Currently sits on the Boards of Brit Insurance, Brit Syndicates, and

City International Insurance . Previously Partner and Head of Financial

Services at Grant Thornton between 2000 and 2009, which he also

set up . Prior to that he was Partner at Robson Rhodes from 1988 and

2000 . He has also sat on the Board of Age UK Enterprises . Early career

with Ernst & Young . Chartered Accountant .

INSURANCE

69THE CLASS OF 2014

SEBASTIAN JAMES - DIRECT LINE INSURANCE GROUP PLC

Currently Chief Executive Officer of Dixons Carphone following the

merger of Dixons Retail with Carphone Warehouse, a role he took on in

2014 . Previously he held various roles at Dixons Retail, including Group

Development, Service Director, and Group Operations Director . Prior

to that he was Chief Executive of Synergy Insurances Holdings and

Co-Founder of Silverscreen Holdings . Before that he was Director of

Strategy at Mothercare and Associate at Bain & Company . Early career

with Boston Consulting Group .

SACHIN KHAJURIA - BRIT PLC

Currently Partner at Apollo Global Management, a role he took on in

2011, and sits on the Boards of Brit Insurance and 19-21 Abbey Road .

Previously Vice President of Communications at Quadrangle Group,

and then Principle between 2008 and 2010, where he focused on

private equity and distressed debt opportunities . Prior to that he

worked in various positions at Macquarie Aviation North America for

five years . Early career at Morgan Stanley and Merrill Lynch .

GERNOT LOHR - BRIT PLC

Currently Senior Partner and Head of Asia and Pacific Region at Apollo

Global Management, and sits on the Boards of AAA Guernsey, Financial

Credit Investment, and Athene Life . Previously Founding and Joint

Venture Partner of Infinity Point between 2005 and 2007 . Prior to that

he was Vice President of Financial Services and Investment Banking at

Goldman Sachs from 1998 to 2005 . He has also worked at McKinsey &

Company and B . Metzler Corporate Finance in various positions .

INSURANCE

70

ANDREW MILLER - AA PLC

Currently Chief Executive Officer of Guardian Media Group and serves

on the Boards of Decoded, Benjamin Franklin House, and Top Right

Group . Previously held Chief Financial Officer roles with Guardian

Media Group and Auto Trader Group . Early career in finance roles with

PepsiCo . Chartered Accountant .

OLIVER PETERKEN - AMLIN PLC

Currently sits on the Board of Torus Insurance Holdings, a role he

took on in 2011 . Previously he was Group Chief Risk Officer for Aspen

Insurance Holdings between 2005 and 2010 . Prior to that he was

Managing Director of Willis Consulting, which he set up, from 1998 to

2005 . Before that he held various positions at Prudential, including

management roles in Finance and Strategy between 1987 to 1994 .

Early career at Aspen Bermuda .

KAMIL SALAME - BRIT PLC

Currently a Partner at CVC Capital Partners and U .S . Head of CVC’s

Financial Institutions Group . He sits on the Boards of Avolon Holdings,

CI Intermediate, Brit Insurance, and Advanstar . Prior to joining CVC,

Kamil worked for DLJ Merchant Banking Partners, where he served as

a Partner and Member of the Management Committee . Prior to joining

DLJMB, Kamil worked in DLJ’s Leveraged Finance Group and DLJ Real

Estate Capital Partners .

INSURANCE

71THE CLASS OF 2014

CHARLES SHERWOOD - SAGA PLC

Currently Partner of Permira Holdings, a role he took on in 2008, and

sits on the Boards of Avalon Acquisitions and Acromas Holdings . He

has worked for Permira Holdings for 30 years in various positions,

including as Head of the Consumer Sector Team . During this time he

sat on the Boards of Just Retirement, Suitcase One, Provimi, AAA,

Homebase, and Birthdays . Early career with Boston Consulting Group .

NICHOLAS WALSH - JARDINE LLOYD THOMPSON GROUP

Most recently Vice Chairman of American International (AIG),

Chairman of AIG Europe, and Vice Chairman of AIG Property

Casualty . He has significant experience in international insurance

and underwriting, having worked at AIG for over 40 years between

1973 and 2014 . Other positions during his tenure at AIG include Vice

President of Foreign General Insurance and Managing Director of AIG

UK . During this time he was also President and Chief Executive Officer

of American International Underwriters, the foreign general insurance

segment of AIG .

GARETH WILLIAMS - SAGA PLC

Currently sits on the Boards of WNS Holdings and YSC, and is also a

Mentor at Mentore Consulting . Previously he was Director of Human

Resources for Diageo between 1999 and 2013, then Advisor to the

Chief Executive Officer . Prior to that he was Senior Vice President

of North American Spirits and Wines for International Distillers and

Vintners . Before this he was Director of Management Development

and Resourcing Division for Grand Metropolitan . Early career in various

positions at Ford Motors .

INSURANCE

72

DAVID BARTON - BH MACRO LTD

Currently Head of Legal at Brevan Howard Capital Management, a role

he took on in 2007 . Previously he worked as a Transnational Lawyer for

Freshfields Bruckhaus Deringer between 2005 and 2007, advising on

the structuring and launch of listed and unlisted hedge, private equity,

and other investment funds . Prior to that he was a Solicitor at Freehills

from 2000 to 2005, working in corporate, banking, and financial

groups .

HAROLD BOEL - CALEDONIA INVESTMENTS PLC

Currently serves on the Boards of Suez Environment and Biomerieux .

He is also Chief Executive Officer of Sofina, a role he took on in 2008 .

Previously he was Managing Director of Henex between 2007 and

2014, having served on the Boards of Oberthur Fiduciaire, Union

Financière Boel, Oberther Technologies, and Finasucre . Before that he

held Managing Director roles at BMF Participation between 2007 and

2008 and at Laura Metaal Holding from 2005 to 2007 . Early career at

Corus Service Centre Maastricht .

INVESTMENT COMPANIES

HELEN GREEN - JOHN LAING INFRASTRUCTURE FUND

Currently Chairman of Acorn Income Fund, a role she took on in 2012,

and sits on the Boards of Advance Frontier Markets Fund, Landore

Resources, and Saffrey Champness . She joined Saffrey Champness

in 1984 as a Trainee and was a Partner between 1997 and 2000 . She

has extensive Board experience, having sat on the Boards of various

entities including Barba Family Foundation, Corbiere Trust, Puma

Brandenburg, and European Internet Capital . Chartered Accountant .

73THE CLASS OF 2014

DAVID HARDIE - MURRAY INTERNATIONAL TRUST PLC

Currently Head of Venture Philanthropy Department at Inspiring

Scotland, a role he took on in 2008, and Chairman of Keppie Design

and WN Lindsay . Previously he was Chairman and Senior Partner of

Dundas & Wilson between 2009 and 2013 . Prior to that he was Writer

for the WS Society from 2007 to 2008 . He took on a number of roles

at Dundas & Wilson CS between 1976 and 2009, including Head of

UK Knowledge & Learning and Head of Corporate . Early career at the

Court of Session .

PAULA HAY-PLUMB - ABERFORTH SMALLER COMPANIES TRUST PLC

Previously sat on a number of Boards, including Skipton Building

Society, National Australian Group, Priority Sites, Forensic Science

Service, Dexia Bank, and English Cities Fund . She was Group Director

of Corporate Finance at Marks & Spencer from 2003 to 2005 . Prior

to that she was the Chief Executive Officer of English Partnerships

between 1999 and 2002 and Finance Director before that . Early career

at KPMG and Marks & Spencer . Chartered Accountant .


BEATRICE HOLLOND - TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC

Currently Chairman of Keystone Investment Trust and sits on the

Boards of Catlin, Henderson Smaller Companies Investment, Ora

Capital Partners, and Ukraine Opportunity Trust . Previously she was

Portfolio Manager of Institutional Global Fixed Income and then

Managing Director of Credit Suisse Asset Management . Early career at

Morgan Grenfell .

74

IAN HUNTER - SCOTTISH INVESTMENT TRUST PLC

Spent the majority of his career with Ernst & Young, joining in 1976 .

Elected Partner in 1986 and retired in 2011 . Early career with HM

Revenue & Customs . Chartered Accountant .

JOHN MAKINSON CBE - RIT CAPITAL PARTNERS PLC

Currently Chairman of the National Theatre and Penguin Random

House, a role he took on in 2013 . Previously he was Chairman and

Chief Executive Officer of Penguin Group between 2002 and 2013 and

Chairman of Interactive Data . He was Independent Director for George

Weston for 10 years and also Director for Marketwatch from 2000 to

2005 . Prior to that he was Financial Director of Pearson, Managing

Director of Financial Times, and Co-Founder of Makinson Cowell . Early

career as a journalist for the Financial Times and Reuters Group .


JULIA LE BLAN - ABERFORTH SMALLER COMPANIES TRUST PLC

Currently sits on the Boards of Impax Environment Markets and

Investors Capital Trust, taking on both roles in 2011, as well as the

Board of JP Morgan US Smaller Companies Investment Trust, a role she

took on in 2012 . Previously she was a Tax Partner at Deloitte between

1990 and 2009, where she acted as Tax Advisor to international

financial institutions, including clients in banking, securities, and fund

management . Chartered Accountant .

75THE CLASS OF 2014

MARK MCNICHOLAS - KENNEDY WILSON EUROPE REAL ESTATE PLC

Currently Principle of JLA Real Estate Finance, a role he took on in

2012 . Previously Director of Debt Advisory at BNP Paribas Real Estate

between 2010 and 2012, which provided an independent service to

European clients across the spectrum of the real estate debt market .

Prior to that he worked in various positions at Royal Bank of Scotland

from 1993 to 2009, including Director of Real Estate Finance in Jersey

and Corporate Real Estate Finance in London .

HARRY MORLEY - MERCANTILE INVESTMENT TRUST PLC

Currently Chief Executive Officer of Armajaro Asset Management,

a role he took on in 2007 . Also currently serves on the Board of

Bibendum Wines . Previously he was Financial Director of Armajaro

Holdings between 2008 and 2010 . Before that he was Chief Financial

Officer and Co-Founder of Tragus Holdings from 2002 to 2005, and

held various positions at P&O Cruises between 1996 and 2002 . Early

career at PricewaterhouseCoopers and Whitecross Group . Chartered

Accountant .

JUDITH MOSELY - BLACKROCK WORLD MINING TRUST PLC

Most recently was Director of Business Development for Rand

Merchant Bank, a role she held between 2011 and 2014 . Prior to that

she was Regional Managing Director of the Mining Finance Team

EMEA and Australia at Société Générale from 1990 to 2011 and worked

in various positions at Hambros Bank between 1987 and 1990 . Early

career at National Westminster Bank .


76

FRANK NELSON - HICL INFRASTRUCTURE CO LTD

Currently sits on the Boards of Telford Homes (since 2015), HICL

Infrastructure (since 2014), McCarthy & Stone (since 2013), and Thames

Valley Housing Association (since 2012) . Previously Interim Finance

Director at Lamprell from 2012 to 2013 . Prior to that he was Group

Finance Director at Galliford Try for more than 10 years, during which

he had direct responsibility for IT, Shared Services, and Commercial

Property . Was also head of the Group’s investment business in public

and private finance projects . Early career at Coopers & Lybrand .

Qualified Management Accountant .

STEPHEN LE PAGE - BLUECREST ALL BLUE FUND LTD

Most recently Territory Senior Partner at PricewaterhouseCoopers

between 2007 and 2013 . Prior to that he was Head of the Assurance

Practice and Partner from 1999 to 2007 . Early career at Coopers &

Lybrand as Accountant and then Partner . Chartered Accountant and

Tax Advisor .

SIMON RADFORD - KENNEDY WILSON EUROPE REAL ESTATE PLC

Currently Chief Financial Officer of Aztech Group, a role he took on in

2005, and sits on the Board of Atrium European Real Estate, a role he

took on in 2008 . Previously worked in various positions for Deloitte

and Touche between 1991 and 2005, including Senior Partner in

Assurance and Advisory Business . Chartered Accountant .


77THE CLASS OF 2014

MARY RICKS - KENNEDY WILSON EUROPE REAL ESTATE PLC

Currently Chief Executive Officer and President of Kennedy Wilson

Europe, a role she took on in 2011 . She has been with Kennedy Wilson

for 25 years in various positions, including Chief Executive Officer of

the Commercial Investment Group and Vice Chairman . Early career

with Hanes Companies .

GREGOR STEWART - ALLIANCE TRUST PLC

Formerly served as Finance Director of Insurance at Lloyds Banking

Group between 2009 and 2012 . Previously was a Financial Services

Partner at Ernst & Young from 1999 to 2008 . Joined Ernst & Young in

1985 .

DR PAOLA SUBACCHI - SCOTTISH MORTGAGE INVESTMENT TRUST PLC

Currently Director of International Economics Research at the Royal

Institute of International Affairs (Chatham House), a role she took on

in 2008, and Consultant for the Economist Intelligence Unit, a role

she took on in 2001 . Previously she worked for a number of research

institutions, including Oxford Economic Forecasting, Bloomberg, and

Greenwich NatWest . Early career as Fellow at Bocconi University .


78

ANTOINETTE ARIS - THOMAS COOK GROUP PLC

Currently sits on the Boards of ASR Nederland, Jungheinrich, Kabel

Deutschland, Prosiebensat1 Media, and Sanoma Oyj . Currently also

an Adjunct Professor in Strategy and Management at the European

Institution of Business Administration, a role she took on in 2003 .

Joined McKinsey & Company in 1985, serving as Partner from 1995 until

2003 .

CAROL ARROWSMITH - COMPASS GROUP PLC

Currently sits on the Board of Remuneration Consultants Group, a role

she took on in 2011 . Previously she was Lead Partner and then Vice

Chairman at Deloitte between 2003 and 2014 . Prior to that she sat

on the Board of Proshare between 1993 and 2003, and was a Global

Partner at Arthur Andersen . Before this she was Managing Director of

Hewitt New Bridge Street between 1990 and 1998 . Early career as a

trainee at BP .

CAROLYN BRADLEY - MARSTON’S PLC

Most recently was Global Brand Director for Tesco between 2012 and

2013, having previously held various roles there between 1992 and

2012, including Marketing Director and Chief Operating Officer for

Tesco .com .

LEISURE & HOTELS

79THE CLASS OF 2014

IAN BURKE - RANK GROUP PLC

Most recently Chief Executive Officer of the Rank Group between

2006 and 2014, with additional responsibility for the Gaming Division .

He has spent the majority of his career in executive positions in the

leisure industry, having been Chief Executive Officer of Holmes Place

from 2003 to 2006 and Thistle Hotels between 1998 and 2003 . Prior

to that he was Managing Director of Holiday Hospitality, Holiday Inn

Worldwide, Six Continents, and Gala Clubs, and Commercial Director

of Leisure Development of Bass Leisure Entertainments . Early career at

Esso International and Lever Brothers . Chartered Accountant .

SALLY COWDRY - RESTAURANT GROUP PLC

Currently Marketing and Consumer Director for Camelot, a role she

took on in 2013 . She has previously worked as Marketing Director and

Manager for a number of firms, including Telefonica between 2006 and

2013, O2 (UK) from 2001 to 2006, BT Cellnet, and Heathrow Express .

Early career in various positions at Stena Line UK .

CATHERINE GLICKMAN - MARSTON’S PLC

Currently Group Human Resources Director at Genus, a role she took

on in 2012 . Previously she worked in various positions between 1991

and 2012 for Tesco including Director of Talent Development, Director

of Personnel, Human Resources Director, and Head of Reward . Early

career as Human Resources Manager for Boots and Somerfield .

LEISURE & HOTELS

80

KEVIN HIGGINS - DOMINO’S PIZZA GROUP PLC

Most recently Regional President for EMEA at Burger King from 2009

to 2010 . Previously he was Regional General Manager for the Europe

and Russia Franchise Business Unit for Yum! Brands between 2004 and

2009 . He was also Director of Development and Franchise Recruitment

in Europe from 2001 to 2004 . During his early career he worked for

PepsiCo Restaurants International and for M&M Mars, both in the UK

and United States .

EBBE JACOBSEN - DOMINO’S PIZZA GROUP PLC

Currently Chairman of Kvd-Kvarndammen, Scandinavian Business

Seating, Delsey, and Morso . Also sits on the Board of Sportamore .

Previously Deputy Chairman and then Co-Chairman of Boconcept

Holding between 2004 and 2013 . During this time he also sat on the

Board of Praktiker . Before that he served as Chairman for Netonnet

and Morpol . He has also been Chief Executive Officer of a number of

consumer companies including Delsey, Habitat UK, and Curver Group .

He was Executive Vice President of Sales and Marketing for Bang &

Olufsen from 1992 to 1994 . Early career at Ikea and Burger King .

GERVASE MACGREGOR - MILLENNIUM & COPTHORNE HOTELS PLC

Currently Partner and Head of International Advisory, Risk, and Quality

Services at BDO, whom he joined in 1991 . Chartered Accountant .

LEISURE & HOTELS

81THE CLASS OF 2014

PETER RIGBY - BETFAIR GROUP PLC

Formerly Chief Executive Officer of FTSE 250 Informa until the end

of 2013 . First joined Informa in 1983 and served as Chief Executive

Officer from 1988, during which time Informa grew to a business with

revenues of £1 .2 billion and a market capitalisation exceeding £3 billion .

Previously held the role of Finance Director for Stonehart Publications

and then IBC, which later became Informa . Chartered Accountant .

DANIEL SILVERS - BWIN.PARTY DIGITAL ENTERTAINMENT PLC

Currently President of SpringOwl Asset Management (formerly

Ader Investment Management) and also serves on the Board of

India Hospitality Corp . He previously served on the Board of both

International Game Technology and Universal Health Service . Joined

Ader Investment Management from Fortress Investment Group, a

leading global alternative asset manager, where he worked from 2005

to 2009 . Prior to joining Fortress, he was a senior member of the real

estate, gaming, and lodging investment banking group at Bear Stearns .

ZOE CRUZ - OLD MUTUAL PLC

Most recently Managing Director and owner of Voras Capital

Management between 2009 and 2012 . Previously she spent 25 years

at Morgan Stanley in a number of positions, including Acting President

and Co-President of the Institutional Securities, Individual Investor, and

Investment Management Groups . She was also Head of Fixed Income,

Commodities, and Foreign Exchange Divisions from 2000 to 2005 .

Early career as a Foreign Exchange Trader at New England Merchants

National Bank .

LEISURE & HOTELS

LIFE ASSURANCE

82

STEVEN DANIELS - ST JAMES’S PLACE PLC

Currently Chief Investment Officer for Tesco Pension Investment, a role

he took on in 2011, and Director of One-Nil Advisory, a role he took on

in 2010 . Prior to that he was Group Chief Investment Officer for LV=

between 2009 and 2010 and Managing Director of Asset Management

from 1995 to 2008 . He has sat on the Board of Close FTSE Income and

Growth Trust as well as the Board of Invesco Convertible Trust . Early

career with Pearl Assurance .

SIMON JEFFREYS - ST JAMES’S PLACE PLC

Currently Chief Operations Officer of the Wellcome Trust, a role he

took on in 2009 . He also currently sits on the Boards of Aon UK,

Genome Research, Henderson International Income Trust, and Simcorp .

Previously he was Chief Financial Officer of the Wellcome Trust . Prior

to that he worked in various roles at PricewaterhouseCoopers between

1998 and 2006, including Global Investment Management Leader

and Member of Global Financial Services Leadership . Early career at

PricewaterhouseCoopers . Certified Public Accountant .

ADIBA IGHODARO - OLD MUTUAL PLC

Currently Investment Development Group Partner at Actis, a role

she took on in 2013 . Previously she worked for the Commonwealth

Development Corporation for more than 20 years in various positions

including Head of West Africa, where she set up CDC’s Nigeria office .

She was a founding Board Director and Investment Committee

Member of Capital Alliance Private Equity, Nigeria . Chartered

Accountant .

LIFE ASSURANCE

83THE CLASS OF 2014

OLAF SWANTEE - LEGAL & GENERAL PLC

Currently Chief Executive Officer of EE, a role he took on in 2011 .

Prior to that he worked in various positions for Orange from 2007 to

2011, including Deputy Chairman and Regional Senior Executive Vice

President of Group Purchasing Operations in Europe . Before that he

worked at Hewlett-Packard in various positions, including Regional

Senior Vice President of Customer Solutions Group for Europe, Middle

East, and Africa from 2002 to 2005 .

ELIZABETH CORLEY - PEARSON PLC

Currently Chief Executive of Allianz Global Investors since 2012 and

sits on the Boards of Allianz Asset Management, Euler Hermes, the

Financial Reporting Council, and Merrill Lynch International Investment

Funds . Previously she held a number of roles at Allianz Global Investors

between 2005 and 2013, including Chairman and Chief Executive

Officer . Prior to that she sat on the Board of Leeds Building Society

as well as the Board of the Mercury Selected Trust . She was the Chief

Executive Officer of Blackrock Investment Managers between 2002

and 2004 . Before that she was a Partner at Coopers & Lybrand .

LIFE ASSURANCE

MEDIA & ENTERTAINMENT

84

STEPHEN DAINTITH - ZOOPLA PROPERTY GROUP PLC

Currently Finance Director of Daily Mail & General Trust and sits on the

Board of Euromoney as Alternate Director; he took on both roles in

2011 . Previously Executive Vice President and Chief Financial Officer

of Dow Jones & Company between 2008 and 2010, also becoming

Chief Operating Officer in 2010 . Prior to that he was Chief Financial

Officer of News International and held various positions at British

American Tobacco, including Finance Director of Pakistan and Chief

Executive Officer of Switzerland . Before that he was Head of Internal

Audit for Civil Aviation Authority and then Forte . Early career with


ANDREW FISHER - MONEYSUPERMARKET.COM GROUP PLC

Currently Chairman of Shazam Entertainment, a role he took on in

2013, after being Chief Executive Officer between 2005 and 2013 . Prior

to that he was Regional Managing Director for Europe at Blucora from

2000 to 2005 . Early career at Thomson Directories and Managing

Director and Founder of Tdli .com .


SHERRY COUTU - ZOOPLA PROPERTY GROUP PLC

Currently sits on the Boards of London Stock Exchange and

Cambridge University Press and is Advisor to Care2 .com, LinkedIn,

CAP Partners, and Cutec . Previously Advisor to LOVEFiLM

International, AlertMe .com, and Seedcamp . Prior to that she was

Director of the National Archives at the Public Records Office between

2004 and 2007 . During this time she also sat on the Boards of New

Energy Finance, Library House, RM Plc, and Jarvis . Before that she was

Chief Executive Officer, Chairman, and Founder of Henderson Investors

from 1995 to 2000 . Early career with Coopers & Lybrand and Andersen

Consulting .

85THE CLASS OF 2014

JOHN MCCONNELL - UBM PLC

Currently Group Finance Director of Inchcape, a role he took on in

2009 . He was also an Executive Officer at Inchcape between 2006 and

2009 . Prior to that he was Chief Executive Officer at Inchcape Motors

Australia from 2005 to 2009, as well as Chief Financial Officer between

1999 and 2003 . He served as Regional Managing Director for Sydney at

Inchcape Retail from 2003 to 2005 . Early career in various positions at

Reckitt & Colman .

MARY MCDOWELL - UBM PLC

Currently sits on the Board of Autodesk, a role she took on in 2010, and

is a Senior Advisor at Nokia, a role she took on in 2012 . Previously she

worked in various positions at Nokia between 2004 and 2012, including

Head of Mobile Phones Unit, Chief Development Officer, and General

Manager of Enterprise Solutions . Prior to that she worked in Corporate

Development and Strategy at Hewlett-Packard and held various roles

at Compaq Computers, including Group Vice President and General

Manager of Industry Standard Server Division .

RAKHI PAREKH - RIGHTMOVE PLC

Currently Media Director for Amazon .co .uk, a role she took on in 2014 .

She worked at Amazon for a number of years, serving as Director of

UK Music and DVD for Amazon .com, and Senior Product Manager of

UK Books and UK Media for Amazon .co .uk between 2002 and 2006 .

Before that she worked in various positions for Oliver Wyman from

1996 to 2003 . Early career at TomTom .


86

GENEVIEVE SHORE - MONEYSUPERMARKET.COM GROUP PLC

Currently sits on the Board of Next Fifteen Communications, a role she

took on in 2015, and STV, a role she took on in 2012 . Previously worked

for Pearson as Director of Digital Strategy and then Chief Information

Officer between 2009 and 2014 . Prior to that she was a Sales Director

and then Global Director of Digital for the Penguin Group from 2002 to

2009 . Early career at Random House .


NICOLE SELIGMAN - WPP PLC

Currently President of Sony Corp of America, a role she took on in

2012, and Executive Vice President of Sony Corp, a role she took on

in 2005 . Previously she was Associate and then Partner at Williams

and Connolly between 1985 and 2001 . Prior to that she was a Clerk at

the US Supreme Court from 1984 to 1985, and before that she was a

Lawyer at the US Court of Appeals for the District of Columbia Circuit

between 1983 and 1984 . Early career at Wall Street Journal Asia .

87THE CLASS OF 2014

JORGE BRUCK - ANTOFAGASTA PLC

Currently a Lecturer at the University of Chile, he is also Independent

Director at Bupa Chile . He is on the Boards of Pershimco Resources,

Instituto Chileno De Administración Racional De Empresas, GNL

Mejillones, Inversiones Aguas Metropolitanas, and Centro De Estudios

Del Cobre Y La Mineria . He was previously employed as General

Manager by Cia Contractual Minera Leonor, Executive Director by

Centro De Estudios Del Cobre Y La Mineria, General Manager by AMP

Chile, and a Principal by Gerald Metals LLC . He also served on the

Board at Corporación Nacional del Cobre de Chile, Aguas Andinas,

Cia Contractual Mineria El Tesoro, E-CL, Electroandina, and Empresa

Nacional de Mineria .

MEGAN CLARK - RIO TINTO PLC

Currently serves as a Member of the Australian Advisory Board of

Bank of America Merrill Lynch and on the Advisory Board of the

World Economic Forum’s 2015 Global Risk Report . Former Chief

Executive Officer of the Commonwealth Scientific & Industrial

Research Organisation between 2009 and 2014 . Before that, she

was Vice President of Health & Safety for BHP Billiton . Earlier roles in

mineral exploration, mine geology, and strategy with WMC Resources .

Previously served on the Boards of NM Rothschild and Victorian

Partnership for Advanced Computing .

CHRISTINE COIGNARD - POLYMETAL INTERNATIONAL PLC

Most recently Managing Director of HCF International Advisors from

2009 to 2013 . Previously she was Managing Partner of Coignard &

Hass and Director of Investments and Financing for Norilsk Nickel from

1997 to 2000 . Early career in various positions at Citigroup, Société

Générale, and Royal Bank of Canada .

MINING

88

JEAN-PAUL FONTBONA - ANTOFAGASTA PLC

Currently Chairman of Quinenco and Director of Banco de Chile; he

took on both roles in 2013 . He has extensive experience in the mining

sector, having previously been Director of Quinenco for 10 years and

Vice Chairman of Madeco between 2001 and 2010 .

MINING

DR NOBUHLE DLAMINI - ANGLO AMERICAN PLC

Currently Chairman of both Aspen Pharmacare and Masibulele

Pharmaceuticals, and MD and Executive Chairman of Mbekani Health

& Wellbeing . She also sits on the Boards of Eyomhlaba Investment

Holdings, Imithi Investments, and RRL Holdings . Previously sat on

the Boards of Discovery, Gijima, Northam Platinum, and Woolworths .

Prior to that she was Senior Manager of HSBC Investment Bank in

Johannesburg, specialising in transport and energy corporate finance .

Early career as practicing Doctor .

BARBARA GONDA DE BRANIFF - FRESNILLO PLC

Served as a Member of the Board of Directors of Fomento Económico

Mexicano since 2012 . She also served as a Member of the Board of

Directors of the Company from 2002 until 2011 . A Private Investor, she

is a Member of the Board of Directors of Coca-Cola FEMSA, BBVA

Bancomer, Solfi, Coleccion FEMSA, ITESM Campus Ciudad de Mexico,

Fondo para la Paz, Museo Franz Mayer, and Fundacion Bancomer .

89THE CLASS OF 2014

PROF MICHAEL L’ESTRANGE - RIO TINTO PLC

Currently Head of the National Security College at Australian National

University, a role he took on in 2009 . Previously he was the Secretary

of the Australian Department of Foreign Affairs and Trade between

2005 and 2009 . Prior to that he was Secretary and then Commissioner

for the Australian Government from 1996 to 2005 . Before that he

was Director of Menzies Research Centre between 1995 and 1996 .

Early career as Officer for Security and Intelligence Agencies in the

Department of the Prime Minister and Cabinet, Australia .

CHARLES JACOBS - FRESNILLO PLC

Currently Senior Partner at Linklaters, whom he has worked for in

various positions since 1990 . He is Head of the Global Mining team

and specialises in public and private M&A, capital raising, initial public

offerings, joint ventures, and other corporate work .

MINING

JEMAL-UD-DIN KASSUM - RANDGOLD RESOURCES PLC

Currently serves on the Boards of Guardian Holdings and Khan Bank .

Also currently a Managing Partner of AJK Financial Services, which he

co-founded in 2006 . Previously Regional Vice President for the East

Asia and Pacific Region at World Bank between 2000 and 2005, and

Vice President at International Finance Corp from 1997 to 2000 . Early

career in various positions for the Government of Nigeria .

90

DR JAIME SERRA PUCHE - FRESNILLO PLC

Currently sits on the Boards of Alpek, Grupo Modelo, Mexico Fund,

Tenaris, and Vitro . Previously a NED at Chiquita Brands International

between 2003 and 2013 . Prior to that he held a number of roles in the

Ministry of Finance and Public Credit (Mexico), including Secretary for

Finance, Trade and Commerce, Minister of Finance, and Undersecretary

for Revenue . He was Minister of Trade for the Ministry of Foreign Affairs

(Mexico) from 1988 to 1994 .

MINING

PATRICE MERRIN - GLENCORE PLC

Currently sits on the Board of Stillwater Mining, a role she took on in

2013 . Previously she worked for CML Healthcare between 2008 and

2013 in various positions including Chairman, Interim Chief Executive

Officer, and Director . Prior to that she sat on the Boards of Energie

NB Power and Luscar, for which she was also Chief Executive Officer .

Before that she worked at Sherritt International for 10 years in various

positions, including Executive Vice President and Chief Operating

Officer .

MATSHIDISO MATLOA - PETRA DIAMONDS PLC

Currently sits on the Board of Village Main Reef, a role she took on in

2013 . Previously she sat on the Board of Great Basin Gold between

2011 and 2013 . She is the founder of a number of businesses, including

Tsidkenu Chartered Accountants, Mukundu Mining Resources, and

Matloa and Associates . Early career at Coopers & Lybrand . Chartered

Accountant .

91THE CLASS OF 2014

TREVOR SCHULTZ - CENTAMIN PLC

Former Executive Director of Operations at Centamin Group between

2008 and 2014 . Previously served as Chief Executive Officer of Guinor

Gold between 2004 and 2007 . Earlier roles with Ashanti Goldfields

and Pegasus Gold in Operations . Has served on the Boards of Base

Resources and Southern Era .

VIVIANNE BLANLOT SOZA - ANTOFAGASTA PLC

Currently Chairman of Empresa Concesionaria de Servicios Sanitarios,

a role she took on in 2008, and sits on the Board of Colbun, a role

she took on in 2012 . Previously she served as Minister of Defence

for the Government of Chile . Prior to that she was Director of both

BancoEstado and Universidad de Santiago de Chile . She has held

roles at the National Commission of Nuclear Energy and the Chilean

Economic Development Agency . Before that she worked in various

positions at Banco Interamericano de Desarollo, across the Energy,

Mines, and Hydrocarbon divisions, between 1983 and 1990 . Early career

at Ricardo Rodriguez & Cia .

KATYA ZOTOVA - VEDANTA RESOURCES PLC

Currently Principal of the Global Energy Fund for Pamplona Capital

Management, a role she took on in 2014 . Previously she was the Head

of International Acquisitions and Divestments, Oil and Gas Division, for

Citigroup between 2012 and 2014 and Head of Portfolio Management

for Upstream International at Royal Dutch Shell from 2010 to 2012 .

Before that she held various positions at Shell Exploration and

Production between 2005 and 2010 . Early career at Shell Chemicals

and Shell Wind Energy .

MINING

92

PAMELA DALEY - BG GROUP PLC

Currently sits on the Board of BG Group, a role she took on in 2014 .

Previously she worked at General Electric for more than 20 years,

joining in 1989 as a Tax and Finance Counsel . She was Senior Vice

President of Corporate Business Development between 2004 and

2013, during which she was responsible for GE’s mergers, acquisitions,

and divestiture activities worldwide . She was also Senior Counsel for

Transactions from 1991 to 2004 . Prior to that she was a Partner at

Morgan Lewis & Bockius, where she specialised in domestic and cross-

border tax-oriented financings and commercial transactions .

OIL & GAS

JANICE (JANN) BROWN - WOOD GROUP PLC

Currently Senior Advisor for Cairn Energy and sits on the Boards of

Capricorn, Medoil, and Troy Income & Growth Trust . She has worked for

Cairn for more than 15 years in various positions, most recently as Chief

Financial Officer between 2011 and 2014 . She has sat on the Boards

of Hansen Transmissions and Plectrum Petroleum . Early career with

KPMG . Chartered Accountant .

ANNE CANNON - PREMIER OIL PLC

Currently Deputy Chairman of Det Norske Oljeselskap, a role she took

on in 2013 . Previously Senior Advisor to the Natural Resources Group

at Morgan Stanley, focusing on upstream mergers and acquisitions

between 2000 and 2014 . Prior to that she was Director of Business

Development and International Growth at Hardy Oil & Gas from 1995 to

2000, and Manager of Business Development at Thomson North Sea

Oil . She has also sat on the Boards of Aker and Scotoil Petroleum . Early

career at Shell Canada .

93THE CLASS OF 2014

DR MICHAEL DALY - TULLOW OIL PLC

Currently a Visiting Professor in the Department of Natural Resources

at the University of Oxford, a role he took on in 2013 . Previously he held

a number of roles at BP including Executive Vice President, Exploration

between 2010 and 2013, and Regional President for the Middle

East and South Asia from 2000 to 2006 . He also served as Head of

Exploration for BP Exploration between 2006 and 2010, and Technical

Specialist from 1986 to 1990 . Previously he was a Research Associate

at the University of Leeds . Early career at the Geological Survey of

Zambia .

THE HON. MARTIN FERGUSON - BG GROUP PLC

Currently Group Executive of Seven Group Holdings, a role he took

on in 2013, and also sits on the Board of the Committee for Economic

Development of Australia, a role he took on in 2014 . Previously he was

a Representative Member of the Australian House of Representatives

between 1996 and 2013 . He was also Shadow Minister for Regional and

Urban Development, Transport, and Infrastructure . He was President of

the Australian Council of Trade Unions from 1990 to 1996 . Early career

with the Australian Labour Party .

OIL & GAS

PATRICIA WOERTZ - ROYAL DUTCH SHELL PLC

Currently Chairman and Chief Executive Officer at Archer-Daniel-

Midlands, and also sits on the Board of Procter & Gamble, a role she

took on in 2008 . She is also currently a member of the President’s

Export Council . Previously held a number of roles at Chevron Corp

between 1991 and 2006, including Executive Vice President, Vice

President of Logistics, and Strategic Planning Manager . She was

also President of Chevron Canada, Chevron Product, and Chevron

International Oil . Early career with Ernst & Young . Public Accountant .

94

DOMINIC BLAKEMORE - SHIRE PLC

Currently Group Finance Director of Compass Group, a role he took

on in 2012 . Previously Chief Finance Officer at Iglo Foods Group

between 2010 and 2011 . Prior to that he was Regional Finance

Director and Strategy Director for Europe at Cadbury . Early career at

PricewaterhouseCoopers .

PHARMACEUTICALS & BIOTECHNOLOGY

PATRICK BUTLER - HIKMA PHARMACEUTICALS PLC

Formerly Operating Partner at Friends Life Group . Currently sits on

the Boards of Bank of Ireland and British Business Bank . Previously

he worked at McKinsey & Company as Head of European Financial

Services between 2006 and 2010 where he advised banks, insurance

companies, and asset managers . He was also Senior Partner and Senior

Director . Early career with Arthur Andersen . Chartered Accountant .

ANN CAIRNS - ASTRAZENECA PLC

Currently Division President of International Markets for MasterCard, a

role she took on in 2011 . Previously she was Head of Financial Services

and Head of the Financial Industry Advisory Group in Europe for

Alvarez & Marsal between 2008 and 2011 . During this time she was a

Trustee of Charity Bank and sat on the Board of Newcastle Building

Society . Prior to this she was Chief Executive Officer of the BU

Transaction Banking Division for ABM Amro Bank from 2002 to 2008 .

Before that, she held various positions at Citigroup for more than 10

years, including Group Head of E-Solutions .

95THE CLASS OF 2014

LYKELE VAN DER BROEK - GENUS PLC

Currently Global Chief Operating Officer of Bayer CropScience, a

role he took on in 2010 . Previously President of the Animal Health

Division at Bayer HealthCare between 2006 and 2010, and Head of the

Bioscience Division at Bayer CropScience from 2003 to 2006 . Prior

to that he was Chief Executive Officer of Aventis Cropscience India

between 2001 and 2003 . Early career at Nunhems as Head of Strategy

for the Asia Pacific region .

PROF DR DUNCAN MASKELL - GENUS PLC

Currently Head of Department of Veterinary Medicine at the University

of Cambridge, a role he took on in 2004, and Co-Founder of Arrow

Therapeutics . Previously he was the Marks & Spencer Professor of

Farm Animal Heath, Food Science, and Food Safety at the University

of Cambridge . Prior to that he was Lecturer at Imperial College London

and a Research Fellow at the University of Oxford between 1992 and

1996 . Before that he was a Research Scientist at Wellcome Biotech

from 1985 to 1988 .

PHARMACEUTICALS & BIOTECHNOLOGY

CAROLINE BANSZKY - 3I GROUP PLC

Currently Managing Director of Law Debenture, a role she took on in

2002 . Previously Chief Operating Officer of Novae Group between

1997 and 2001 . Prior to this she worked in various positions at NM

Rothschild & Sons and then as Finance Director from 1995 to 1997 .

Early career with KPMG . Chartered Accountant .

PRIVATE EQUITY

96

IAN LOBLEY - 3I INFRASTRUCTURE PLC

Currently sits on the Board of Bestinvest Group, a role he took on in

2010, and has been a Partner of the Asset Management Group at 3i

since 1994 . Previously Director at a number of private companies,

including EUSA Pharma, Sulake Corporation, CRF Health, Vette Corp,

Netronome Systems, and Psytechnics . Former Board roles at Nujira,

Cloud Networks, Cambridge Semiconductor, Intense and Ipanema

Technologies, and DiBcom . Early career at 3i Group and BOC Group .

MENDY BUDE - DAEJAN HOLDINGS PLC

Founding Partner of Bude Nathan Iwanier, a firm of solicitors

specialising in property law . Experience across commercial property

law . Early career with Berwin Leighton .

PRIVATE EQUITY

REAL ESTATE

EDWARD BONHAM CARTER - LAND SECURITIES GROUP PLC

Currently Vice Chairman of Jupiter Fund Management, a role he took

on in 2014 . Previously Group Chief Executive Officer of Jupiter Fund

Management between 2010 and 2014, and Chief Investment Officer

from 1999 to 2010 . Prior to that he was Fund Manager for Electra

Private Equity, and Fund Manager for Schroders . He has also sat on the

Boards of Jupiter Split Trust, JST Securities, and Orlando .

97THE CLASS OF 2014

IAN BULL - ST MODWEN PROPERTIES PLC

Currently Chief Financial Officer of Ladbrokes, a role he took on in 2011 .

Previously he was Financial Director of Greene King between 2006

and 2011 . Prior to that he gained digital experience as Chief Executive

Officer of the Retail Enterprise Division at BT and Chief Financial

Officer of BT Retail, and held several senior finance positions at the

Walt Disney Company and Whitbread . Chartered Accountant .

TRUDI CLARK - F&C COMMERCIAL PROPERTY TRUST LTD

Currently a Director at David Rubin & Partners, a role she took on in

2009, and sits on the Board of Sapphire (PCC), a role she took on in

2010 . Formerly worked at Schroders for 10 years in a variety of roles,

including Director of the Banking Division and Division Manager of

Offshore Private Bank . Chartered Accountant .

REAL ESTATE

MELVYN EGGLENTON - HANSTEEN HOLDINGS PLC

Currently Chairman of Pendragon, a role he took on in 2013, and sits

on the Board of Irwin Mitchell, a role he took on in 2012 . Prior to this he

worked at KPMG for more than 30 years in various positions, including

Senior Partner (Birmingham), Chief Officer (Birmingham), Head of

Middle Markets, and Midlands Chairman . Chartered Accountant .

98

JOHN GLEN - TR INVESTMENT PROPERTY TRUST PLC

Currently Chairman of Alba Trees and Chief Executive Officer of

Buccleuch Group; he also sits on the Board of BIC . Previously he

worked at Air Liquide for eight years as Chief Financial Officer between

2000 and 2008 . Prior to that he worked in various positions for

Unilever France, including Senior Management positions in the United

States, Germany, and the UK, as well as Vice President of Finance .


CRESSIDA HOGG CBE - LAND SECURITIES GROUP PLC

Currently Head of Infrastructure at Canada Pension Plan Investment

Board . Most recently sat on the Boards of Anglian Water Group

and Osprey Acquisitions . She was also Managing Partner of 3i

Infrastructure, which she co-founded in 2005 . She joined 3i Group in

1995 and held various positions, including Senior Partner and Member

of the Leadership Team from 2010 to 2014 . Early career at JP Morgan .

REAL ESTATE

STEPHEN HUBBARD - WORKSPACE GROUP PLC

Currently UK Regional Chairman responsible for Capital Markets and

Real Estate Finance at CBRE Group, a role he took on in 2013 . He is

also currently the Chairman of the London Business Network and

Advisor at Redevco . He joined CBRE in 1976 and since then has held a

number of senior executive roles at the business .

99THE CLASS OF 2014

CHARLES PHILIPPS - GREAT PORTLAND ESTATES PLC

Currently Group Chief Executive at Amlin, a role he took on in 1999 . He

served as President of the Insurance Institute of London from 2008 to

2009 . Before that he was Group Financial Director of Amlin between

1997 and 1999, and held various positions at Natwest between 1983

and 1997 . Chartered Accountant .

PATRICK VAUGHAN - LONDONMETRIC PROPERTY PLC

Currently sits on the Boards of Meadowhall Finance and MSC Property

Intermediate Holdings, both roles he took on in 2009 . Previously Chief

Executive Officer of Londonmetric Property between 2010 and 2013,

and Executive Chairman from 2013 to 2014 . Prior to that he was Chief

Executive Officer of Pillar Property and then sat on the Board of British

Land after it acquired Pillar Property in 2005 . He sat on the Board of

London & Stamford Investments, which he also co-founded, between

2006 and 2011 . Before that he was Chief Executive Officer of Arlington,

which he also co-founded in 1976 .

REAL ESTATE

ROSALYN WILTON - LONDONMETRIC PROPERTY PLC

Currently sits on the Boards of Axa, a role she took on in 2012, and

Optos, a role she took on in 2007 . Previously Chairman of Ipreo

Holdings between 2006 and 2009 . A group formed following the

merger of i-Deal and Hemscott; before the merger, she was Chief

Executive Officer of Hemscott . Prior to that she worked in various

positions for Reuters Transaction Services from 1990 to 1999, most

recently as Managing Director . She has also served as Senior Advisor

to 3i Investments and Providence Equity Partners . Early career with

Drexel Burnham Lambert .

100

REBECCA WORTHINGTON - HANSTEEN HOLDINGS PLC

Currently Chief Executive Officer and Founder of Lodestone Capital

Partners, a role she took on in 2012, and sits on the Board of AGA

Rangemaster Group, a role she took on in 2013 . Previously she worked

in various positions at Quintain Estates and Development, including

Deputy Chief Executive Officer, Financial Director, Company Secretary,

and Group Accountant between 1998 and 2012 . Prior to that she

worked as Financial Controller for Britton Group from 1997 to 1998 .

Early career at PricewaterhouseCoopers . Chartered Accountant .

REAL ESTATE

INNA KUZNETSOVA - SAGE GROUP PLC

Most recently Chief Commercial Officer and Head of Sales and

Marketing at CEVA Logistics between 2012 and 2014 . She has nearly

20 years of experience working at the executive level in business

technology and consulting at International Business Machines (IBM) .

Her various positions between 1993 and 2012 include Vice President

of Sales and Marketing, Director of Linux Strategy, Marketing Planning

and Execution, and Manager of Integrated Marketing Communications .

DAVID GOLOB - MICRO FOCUS INTERNATIONAL PLC

Currently serves on the Boards of Proper Marketplace, Barracuda

Networks, GXS Worldwide, and Attachmate Group . As an executive,

serves as a Partner at Francisco Partners which he joined in 2001 .

Formerly Managing Director of Tiger Management and Co-Head of the

Global Technology Group between 1998 and 2000 . Prior to that, he

spent more than 10 years with General Atlantic Partners and Sutter Hill

Ventures in investment roles . Early career with McKinsey & Company .

SOFTWARE & COMPUTER SERVICES

101THE CLASS OF 2014

ZARINA BASSA - INVESTEC PLC

Currently Chairman of Woolworths Financial Services and sits on a

number of Boards, including Woolworths Holdings, Oceana Group, Sun

International, Kumba Iron Ore, Senwes, and Vodacom . Previously Vice

Chairman of ABSA Retail Bank after working as Managing Executive

for Absa Bank between 2000 and 2008 . Prior to that she worked for

more than 15 years at Ernst & Young in various positions across the UK

and South Africa, including as Partner and then Chief Operating Officer

of Sub-Saharan Africa . Chartered Accountant .

SPECIALTY & OTHER FINANCE

JONATHON BOND - JUPITER FUND MANAGEMENT PLC

Currently Chairman and Executive Director at Skagen Group, a role he

took on in 2013 . Previously Partner and Head of Investor Development

at Actis between 2004 and 2013, and a Representative Board Member

of Bharti Airtel Africa from 2002 to 2005 . He was Managing Director

of Investor Development at CDC Group between 2001 and 2004, and

Founding Director of HSBC Private Equity Management from 1994 to

2001 . Early career in various positions at Electra Private Equity Partners

and Bain & Company .

SHARON BOWLES - LONDON STOCK EXCHANGE GROUP PLC

Currently a Member of the European Parliament in the UK Office of the

European Parliament, a role she took on in 2005 . Was previously also

Chairman of the European Economic and Monetary Affairs Committee

between 2005 and 2012 . Formerly served as Vice President of Liberal

International and Director of the Liberal Democrat Party . Before that

she was a Partner at Bowles Horton from 1981 to 2005 . Early career

as a Researcher of Semiconductor Materials and Devices at Oxford

University .

102

SHERRY COUTU - LONDON STOCK EXCHANGE GROUP PLC

Currently sits on the Boards of Zoopla and Cambridge University

Press and is Advisor to Care2 .com, LinkedIn, CAP Partners, and Cutec .

Previously Advisor to LOVEFiLM International, AlertMe .com, and

Seedcamp . Prior to that she was Director of the National Archives at

the Public Records Office between 2004 and 2007 . During this time

she also sat on the Boards of New Energy Finance, Library House, RM

Plc, and Jarvis . Before that she was Chief Executive Officer, Chairman,

and Founder of Henderson Investors from 1995 to 2000 . Early career

with Coopers & Lybrand and Andersen Consulting .


PROF LYNNE GLADDEN CBE - IP GROUP PLC

Currently Pro Vice Chancellor of the University of Cambridge and

sits on the Board of Cambridge Enterprise, both roles she took on in

2010 . Also currently a Visiting Professor at the University of California .

Previously held a number of roles at the University of Cambridge,

including Head of the Chemical Engineering and Biotechnology

Department . Between 1998 and 2008 she worked as an Advisor and

then Senior Consultant for Unilever . Chartered Engineer and Chartered

Chemist .

ALISON HALSEY - PROVIDENT FINANCIAL PLC

Currently Managing Partner of Super Duper Farm, a role she took

on in 2011, and sits on the Boards of both Teachers Assurance and

Cambian Group, a role she took on in 2014 . Previously she was Senior

Partner of the Corporate Social Responsibility and Charity practices

at KPMG, engaged in strategy setting, programme management,

external spokesman roles, and client advisory and audit responsibilities .

She worked at KPMG for more than 30 years, specialising in

financial services with audit and advisory responsibilities for UK and

international banks . Chartered Accountant .


CHARLES JACOBS - INVESTEC PLC

Currently Senior Partner at Linklaters, for whom he has worked in

various positions since 1990 . He is Head of the Global Mining team

and specialises in public and private M&A, capital raising, initial public

offerings, joint ventures, and other corporate work .


COLIN KEOGH - VIRGIN MONEY HOLDINGS PLC

Currently serves on the Boards of Brait, Greenheart Group, and New

World Resources . Formerly was Chief Executive Officer and Executive

Director at Close Brothers between 1995 and 2009 . Early career with

Arthur Andersen .

DOUGLAS LIVERSIDGE - IP GROUP PLC

Currently Chairman of Surgical Innovations Group and sits on the

Board of Fusion IP . Previously Chairman of Fusion IP between 2004

and 2014 and Chairman of Medilink Yorkshire and Humber . Before

that he was Chief Executive Officer of GW Thornton Holdings . Spent

more than 20 years at British Steel in various positions, including Chief

Quality Manager .

104

JAMES LOCKHART III - VIRGIN MONEY HOLDINGS PLC

Currently serves on the Boards of Bank of the Cascades and WL

Ross & Company . Previously he spent a number of years with the US

Government in a series of Presidential-appointed positions between

2002 and 2008, including Chairman and Chief Executive Officer

of the Oversight Board of the Federal Housing Finance Agency .

Between 2002 and 2006 he served as the Deputy Commissioner and

Chief Operating Officer of the Social Security Administration, and

as Secretary to the Social Security Board of Trustees . Early career in

investment banking with Smith Barney & Company .


THE RT. HON. LORD GEORGE MALLOCH BROWN - INVESTEC PLC

Currently regional Chairman of FTI Consulting for Europe, Middle East,

and Africa, and sits on the Boards of Seplat Petroleum Development,

Kerogan Capital, DPI, and Southwest Energy . Previously Chairman of

Global Affairs for FTI Consulting between 2010 and 2011 . Prior to that

he was Minister of State, responsible for Africa, Asia, and the United

Nations for the UK Foreign and Commonwealth Office from 2007

to 2009 . He was also Vice Chairman of Soros Fund Management

and The Open Society Institute . Before that he worked for nearly 10

years at the United Nations in various positions, including Deputy

Secretary General, and at the World Bank as Vice President of External

Affairs . Prior to this he was Lead International Partner of Sawyer Miller

between 1986 and 1994 . Early career with The Economist .

KATHRYN PURVES - INTERMEDIATE CAPITAL GROUP PLC

Currently Chief Risk Officer at Partnership Assurance Group, a role she

took on in 2013 . Previously she was Commercial Director at Partnership

Holdings; she also served as a Consultant and Investment Manager at

Phoenix Equity Partners before that . Early career at UBS and Deutsche

Bank .


CATHRYN RILEY - INTERNATIONAL PERSONAL FINANCE PLC

Currently sits on the Board of Equitable Life Assurance Society, a role

she took on in 2009 . Previously worked in a number of positions for

Aviva between 1996 and 2013, including Chief Operating Officer, Chief

Information Officer, Commercial Director, and Division Chairman for

Global Services . She sat on a number of Boards from 2003 to 2009,

including CGNU Life Assurances, Commercial Union Life Assurance,

Halifax Life, National Westminster Life Assurance, RBS Collective

Insurance Funds, and Royal Scottish Assurance . Earlier Career with the

likes of BUPA, Coopers & Lybrand, and British Airways .


DAVID SHALDERS - TULLETT PREBON PLC

Currently Group Operations & Technology Director of Willis Group

Holdings, a role he took on in 2013 . Previously worked at Royal Bank of

Scotland Group in a number of roles between 1994 and 2013, including

Chief Logistics Officer, Chief Operating Officer of Global Banking

and Financial Markets Division, and Head of Derivative Operating

for NatWest Markets . Prior to that he worked for JP Morgan, having

started his career at Accenture as an IT consultant from 1989 to 2002 .

KHUMO SHUENYANE - INVESTEC LTD

Currently sits on the Board of Famous Brands, a role he took on in

2014 . Previously he was the Head of Mergers and Acquisitions for MTN

Group in 2013 and the Group Chief Strategy Officer from 2007 to 2013 .

Prior to that he was Head of Investments at Investec Bank between

1998 and 2007 . He also worked in various positions at Investec from

1998 to 2005 . Early career at Arthur Andersen . Chartered Accountant .

106

KORY SORENSON - PHOENIX GROUP HOLDINGS

Currently sits on the Boards of Scor and Uniqa Insurance Group .

Previously Managing Director and Head of Insurance Capital Markets

at Barclays Bank between 2005 and 2010, where she managed a team

responsible for client advisory and relationship management for the

European insurance sector . Prior to that she was Director of Insurance,

responsible for Continental European Insurance Coverage for Credit

Suisse from 2001 to 2005 . Before that she worked at Lehman Brothers

as Director for Financial Institutions in Germany, Austria, and Holland .

Early career at Morgan Stanley and Commerz Financial Products .


CAROLINE TAYLOR - BREWIN DOLPHIN HOLDINGS PLC

Most recently held various roles at Goldman Sachs Asset Management

between 1998 and 2012, including Director of Fund Management and

Global Head of Fundamental Equity Execution, where she built and

managed the global portfolio construction and trading team . Prior

to that she was Head of Trading and Pan European Equity Trading at

Gartmore Investment Management .

OLIVIER BAUJARD - COLT GROUP SA

Currently Chief Executive Officer of Segula Technologies Group, a role

he took on in 2012, and sits on the Board of Wholesale Applications

Community, a role he took on in 2010 . Previously he was Chief

Technology Officer for Deutsche Telekom between 2009 and 2012 . He

worked for Alcatel-Lucent for more than 20 years in various positions,

including Chairman and Chief Executive Officer of Alcatel-Lucent

France as well as Chief Technology Officer and Senior Vice President of

Corporate Strategy . Early career with French Government .

TELECOMMUNICATIONS SERVICES


GENERAL CLAUDE KEHLER - INMARSAT PLC

Formerly held a number of roles with the US Air Force between 1975

and 2014 . He was responsible for the plans and operations for all

US forces conducting strategic deterrence and the Department of

Defence’s space and cyberspace operations .

TELECOMMUNICATIONS SERVICES

JOHN (GERRY) MURPHY - DIXONS CARPHONE PLC

Currently serves on the Board of Capital & Counties Properties, where

he was appointed in 2015 . Formerly an Audit Partner at Deloitte

between 2002 and 2013 . Qualified as an Auditor with Arthur Andersen .

MING (SAVIO) SANG KWAN - BRITISH AMERICAN TOBACCO PLC

Currently Chief Executive Officer and Partner of Al-Katib Consulting,

which he founded in 2005 . He was an Independent Director at Alibaba .

com between 2008 and 2012 and prior to that he worked in various

positions for Alibaba Group including Consultant, Chief People Officer,

and Chief Operating Officer . Before that he was General Manager

of the Medical Systems Division at General Electric, where he was

responsible for the establishment of joint venture companies in the

Asia region . Research in addition to more than 20 years as a practising

consultant radiologist .

TOBACCO

108

WARWICK BRADY - FIRST GROUP PLC

Currently Chief Operating Officer of EasyJet, a role he took on in 2011,

and sits on the Board of NATS Holdings, a role he took on in 2013 .

Previously he was Group Director of Operations and Procurement

Director at EasyJet between 2009 and 2011 . Prior to that he was the

Chief Executive Officer and Managing Director of PT Mandala Airlines

as well as the Chief Operating Officer of Deccan Charters . Before that

he was Deputy Director of Operations at Ryanair Holdings . Early career

at Britannia Airways .

TRANSPORT

DR ANDREAS BIERWIRTH - EASYJET PLC

Currently Managing Director of T-Mobile Austria, a role he took on

in 2012 . Previously Chief Commercial Officer and Co-Chief Executive

Officer for Austrian Airlines between 2008 and 2012 . Prior to that he

was Vice President of Marketing for Deutsche Lufthansa from 2006 to

2008 . Formerly Deputy Managing Director and then Managing Director

at Germanwings between 2002 and 2006 . He was also Managing

Director for Westair from 2001 to 2002 .

JANE KINGSTON - NATIONAL EXPRESS GROUP PLC

Currently Group Director of Human Resources at Compass Group, a

role she took on in 2006 . She worked as Human Resources Director

for a number of companies between 2000 and 2006, including BPB,

Enodis, and Caradon Plumbing Solutions . Prior to that she worked at

Blue Circle as Human Resources Director for the Heating Division and

International Operations from 1992 to 2000, after working as Human

Resources Director at Potterton Myson . She was a Manager at Coats

between 1982 and 1992 .


TRANSPORT

MARIA FERNANDA MEJIA - INTERNATIONAL CONSOLIDATED AIRLINES GROUP PLC

Currently President of Kellogg Latin America and a Member of Kellogg

Company’s Global Leadership Team . Previously she worked for more

than 20 years at Colgate-Palmolive in a number of positions, including

Corporate Vice President of Marketing in Europe and South Pacific,

Global Business Development, and Chief Executive Officer of Colgate-

Palmolive Spain .

FRANÇOIS RUBICHON - EASYJET PLC

Currently Executive Vice President of Human Resources for Société

Française Du Radiotéléphone, a role he took on in 2013 . Previously he

was the Chairman of Media Aéroports de Paris between 2011 and 2012,

having served as Deputy Chief Executive Officer and Chief Operating

Officer for Aéroports de Paris from 2005 to 2012 . He worked in various

positions for the French Ministry of Transport, Infrastructure, Tourism,

and the Sea, as well as the French Local Government, between 2002

and 2005 . Prior to that he was the Chief Executive Officer of GeoPost

from 2000 to 2002 . Early career with La Poste .

110

AEDAMAR COMISKEY - FISHER (JAMES) & SONS PLC

Currently Partner and Co-Head of Global Retail Sector at Linklaters, a

role she took on in 2014 . She specialises in public and private mergers

& acquisitions transactions and joint ventures, with her primary focus

on the financial services sector . Previously was Assistant Solicitor at

Linklaters between 1992 and 2014 .

NEIL COOPER - PENNON GROUP PLC

Currently Group Finance Director of William Hill, a role he took on

in 2010 . Also currently serves on the Board of Satellite Information

Services . Previously Group Finance Director of Bovis Homes Group

between 2007 and 2008 and prior to that was Group Financial

Controller for Whitbread from 1998 to 2007 . Early career with

PricewaterhouseCoopers . Qualified Management Accountant .

UTILITIES - OTHER

DR ANGELA RE STRANK - SEVERN TRENT PLC

Currently Chief Scientist at BP, having previously served as Technology

Vice President for Lubes and Fuels at BP from 2008 to 2014 . Previously

Manager of Business Development at BP between 1989 and 2008,

and Geologist and Biostratigrapher from 1982 to 1989 . Early career as

Research Assistant at the University of Manchester .


Individual Name Current Organisation NameCurrent Index M

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Maarit Aarni-Sirvio Berendsen Plc (Q) FTSE250 F N N A, R, N 40

Doctor Ayesha Mohammed Abdullah

NMC Health Plc FTSE250 F Y N -- 61

Antoinette Petronella Aris

Thomas Cook Group Plc

FTSE250 F N N -- 78

James Arnell Saga Plc FTSE250 M N N -- 65

Carol Arrowsmith Compass Group Plc FTSE100 F N NA, R(Ch), N 78

Doctor Philip Augar TSB Banking Group Plc FTSE250 M N N R, N, Rsk 35

Vinita Bali Smith & Nephew Plc FTSE100 F Y N -- 62

Caroline Banszky 3i Group Plc FTSE100 F N N -- 95

David Barton BH Macro Ltd FTSE250 M N N -- 72

Abdulrahman Basaddiq

NMC Health Plc FTSE250 M N N -- 62

Kirsty Bashforth Kier Group Plc FTSE250 F N NA, R, N, Rsk, Other 44

Zarina Bassa Investec Plc FTSE250 F N N -- 101

Olivier Baujard Colt Group SA FTSE250 M Y N A, R 106

Lucinda Bell Rotork Plc FTSE250 F N N A, R, N 52

Doctor Andreas Bierwirth

EasyJet Plc FTSE100 M Y N Other 108

Jaspal BindraReckitt Benckiser Group Plc (Q)

FTSE100 M Y N A, N 42

Salma Ali Bin Hareb NMC Health Plc FTSE250 F Y N -- 62

Dominic BlakemoreShire Plc (Shire Ltd prior to 10/2008) (Q)

FTSE100 M N NA(Ch), Rsk(Ch) 94

Colonel Andrew Blowers

AA Plc FTSE250 M Y YA, R, N, Rsk(Ch) 65

Index

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Harold BoelCaledonia Investments Plc

FTSE250 M Y N -- 72

Jonathon BondJupiter Fund Management Plc

FTSE250 M N N N 101

Edward Bonham Carter

Land Securities Group Plc (Q)

FTSE100 M Y N R 96

Anthony Rhys Bourne

Spire Healthcare Group Plc

FTSE250 M Y NA, R(Ch), Rsk, Other 63

Laurel Bowden Just Eat Plc FTSE250 F N Y -- 49

Sharon BowlesLondon Stock Exchange Group Plc

FTSE100 F N N -- 101

Carolyn Bradley Marston's Plc FTSE250 F N Y -- 78

Warwick Brady First Group Plc FTSE250 M Y N -- 108

Simon Breakwell AA Plc FTSE250 M N Y R(Ch), N 66

Diana Brightmore-Armour

Berkeley Group Holdings Plc

FTSE250 F Y Y -- 45

Alison Brittain Marks & Spencer Group Plc (Q)

FTSE100 F N N A, N 56

Janice Brown Wood Group (John) Plc (Q)

FTSE250 F N N A(Ch), N 92

Doctor Christine Browne

Bovis Homes Group Plc (Q)

FTSE250 F N N A, R, N 45

Gianluca Brozzetti Jimmy Choo Plc FTSE250 M Y N R, N, Other 42

Jorge Bruck Antofagasta Plc FTSE100 M Y N A, Rsk 87

Aaron Bude Daejan Holdings Plc FTSE250 M N N -- 96

Ian BullSt . Modwen Properties Plc

FTSE250 M N N -- 97

Ian Burke Rank Group Plc FTSE250 M Y NA, N(Ch), Other 79

Pat ButlerHikma Pharmaceuticals Plc

FTSE250 M N N A, N, Other 94

Ann Cairns AstraZeneca Plc FTSE100 F Y N A 94

Anne Marie Cannon Premier Oil Plc (Q) FTSE250 F N N -- 92

Brian Carpenter Amlin Plc FTSE250 M Y N -- 66

Brian CarrollPets At Home Group Plc

FTSE250 M N N N 57



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Trudi Clark F&C Commercial Property Trust Ltd

FTSE250 F Y N A, N, Other 97

Megan Clark Rio Tinto Plc FTSE100 F Y N N, Other 87

Peter Clarke Lancashire Holdings Ltd FTSE250 M Y N A, Other 66

Paul CobyPets At Home Group Plc

FTSE250 M N N A, N, Rsk 57

Christine CoignardPolymetal International Plc

FTSE250 F N NA, R, N, Rsk 87

Aedamar ComiskeyFisher (James) & Sons Plc

FTSE250 F N N -- 110

Brendan Wynne Connolly

Synthomer Plc (Q) FTSE250 M Y N A, R(Ch) 41

Neil Cooper Pennon Group Plc FTSE250 M N NA(Ch), R, N, Other 110

Elizabeth Corley Pearson Plc FTSE100 F Y N R, N 83

Graeme Coulthard Card Factory Plc FTSE250 M N N -- 57

Sherry Leigh Coutu

London Stock Exchange Group Plc & Zoopla Property Group Plc

FTSE100 F Y Y A, R(Ch)84, 102

Sally Cowdry Restaurant Group Plc FTSE250 F N N -- 79

Zoe Cruz Old Mutual Plc FTSE100 F N N R, Rsk 81

Enrico Cucchiani RSA Insurance Group FTSE100 M Y N R, Rsk 67

Stephen DaintithZoopla Property Group Plc

FTSE250 M N N A 84

Pamela Daley BG Group Plc (Scentoffice Ltd prior to 09/1999)

FTSE100 F N N -- 92

Doctor Michael Daly Tullow Oil Plc (Q) FTSE250 M N N A, R 93

John Daly Wolseley Plc (Q) FTSE100 M N N A, R, N 45

Steven Daniels St . James's Place Plc FTSE100 M N N Other 82

Lisa Davis Spectris Plc FTSE250 F N N -- 51

Barbara Garza Gonda de Braniff

Fresnillo Plc FTSE100 F Y N N 88

Doctor Claus-Michael Dill

Catlin Group Ltd FTSE250 M Y N A, N, Other 67

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Doctor Nobuhle Dlamini

Anglo American Plc (Q) FTSE100 F N N A 88

Doctor Lynn Drummond

RPC Group Plc FTSE250 F N N -- 50

Melvyn Egglenton Hansteen Holdings Plc FTSE250 M N N A, R 97

The Hon . Martin Ferguson

BG Group Plc (Scentoffice Ltd prior to 09/1999)

FTSE100 M N N Other 93

Andrew FisherMoneysupermarket .com Group Plc

FTSE250 M Y Y R, N 84

Mark Fisher TSB Banking Group Plc FTSE250 M N N -- 35

Jean-Paul Fontbona Antofagasta Plc FTSE100 M Y N N(Ch) 88

Per Franzen SSP Group Plc FTSE250 M N N N 55

Sir Richard Friend Oxford Instruments Plc FTSE250 M N N -- 52

Morten FriisRoyal Bank of Scotland Group Plc

FTSE100 M N N A, N, Rsk 35

Helena Ganczakowski

Croda International Plc (Q)


Hans-Peter Gerhardt Brit Plc FTSE250 M Y NR(Ch), Other(Ch) 67

Professor Lynn Gladden

IP Group Plc FTSE250 F N N A, R, N 102

John Glen TR Property Investment Trust Plc (Q)

FTSE250 M Y N A, Other 98

Catherine Glickman Marston's Plc FTSE250 F N N R 79

Doctor Alison Goligher

Meggitt Plc FTSE100 F N N -- 34

David GolobMicro Focus International Plc

FTSE250 M N N -- 100

Stephen Good Elementis Plc FTSE250 M Y N A, R, N 41

Olivier Goudet Jimmy Choo Plc FTSE250 M N N -- 42

Sucheta GovilDomino Printing Sciences Plc

FTSE250 F N N -- 52

Helen Foster Green John Laing Infrastructure Fund

FTSE250 F N N -- 72

Theresa Green Pets At Home Group Plc

FTSE250 F N N R, N 58

Andrew Griffith Just Eat Plc FTSE250 M N N A, R, N 49



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Ian Griffiths DS Smith Plc (Q) FTSE250 M N N A, R, N 50

Alison Halsey Provident Financial Plc FTSE250 F N NA, R, N, Rsk 102

David HardieMurray International Trust Plc

FTSE250 M N N -- 73

Paula Hay-PlumbAberforth Smaller Companies Trust Plc

FTSE250 F Y N -- 73

Denis Hennequin SSP Group Plc FTSE250 M Y N A, R, N 55

Simon Henry Lloyds Banking Group Plc

FTSE100 M N N A, Rsk 36

Kevin HigginsDomino's Pizza Group Plc (Q)

FTSE250 M Y N A, R(Ch) 80

Cressida HoggLand Securities Group Plc (Q)

FTSE100 F N N A 98

Beatrice HollondTempleton Emerging Markets Investment Trust Plc

FTSE250 F N N A, Other 73

Benjamin Holmes Just Eat Plc FTSE250 M N Y -- 49

William Holroyd AO World Plc FTSE250 M Y Y A, R(Ch) 58

Robin Hooper Saga Plc FTSE250 M N N -- 68

Christopher Hopkinson

AO World Plc FTSE250 M N Y N 58

Stephen Hubbard Workspace Group Plc FTSE250 M N N -- 98

Maarten Hulshoff Brit Plc FTSE250 M Y NA, Rsk, Other 68

Ian HunterScottish Investment Trust Plc

FTSE250 M N N A, R 74

Professor Janet Husband


FTSE250 F N NA, N, Rsk, Other 63

Adiba Ighodaro Old Mutual Plc FTSE100 F N N A 82

Ipe Jacob Brit Plc FTSE250 M Y NA(Ch), Rsk(Ch), Other

68

Charles JacobsFresnillo Plc and Investec Plc (Q)

FTSE100 M N N R(Ch)89, 103

Ebbe Jacobsen Domino's Pizza Group Plc (Q)

FTSE250 M Y N -- 80

Sebastian JamesDirect Line Insurance Group Plc

FTSE100 M Y N R, Other 69

Simon Jeffreys St . James's Place Plc FTSE100 M N N A(Ch) 82

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Andrew Jennings Ted Baker Plc (Q) FTSE250 M Y N A, R, N 59

Dyfrig John Lloyds Banking Group Plc

FTSE100 M Y N R, Rsk 36

Timothy Jones Poundland Group Plc FTSE250 M N NA(Ch), Rsk(Ch) 59

Jemal-ud-din Kassum

Randgold Resources Ltd (Q)

FTSE100 M N N A, N 89

General Claude Kehler

Inmarsat Plc FTSE250 M N N R 107

Colin KeoghVirgin Money Holdings Plc

FTSE250 M Y NA, N, Rsk(Ch), Other

103

Sachin Khajuria Brit Plc FTSE250 M N NA, Rsk, Other 69

Naguib Kheraj Standard Chartered Plc FTSE100 M Y N A(Ch), Rsk 36

Jane Kingston National Express Group Plc (Q)

FTSE250 F N N R, Other 108

Inna Kuznetsova Sage Group Plc (Q) FTSE250 F N N A, R, N 100

Ming Sang Kwan British American Tobacco Plc

FTSE100 M Y Y N, Other 107

Silvia Dias Lagnado Britvic Plc FTSE250 F N N -- 38

Professor Michael L'Estrange

Rio Tinto Plc FTSE100 M N N N 89

Julia Le BlanAberforth Smaller Companies Trust Plc (Q)

FTSE250 F N N A 74

Stephen le PageBluecrest All Blue Fund Ltd

FTSE250 M N N A(Ch) 76

Doctor Yun Liu Arm HLDGS Plc FTSE100 M N Y -- 65

Douglas Liversidge IP Group Plc FTSE250 M Y N -- 103

Ian Lobley 3i Infrastructure Plc FTSE250 M N N -- 96

James Lockhart IIIVirgin Money Holdings Plc

FTSE250 M Y N N 104

Gernot Lohr Brit Plc FTSE250 M N N R, N, Other 69

Gervase MacGregorMillennium & Copthorne Hotels Plc

FTSE250 M N N A(Ch) 80

John Makinson RIT Capital Partners Plc FTSE250 M Y N A, Rsk 74



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The Rt . Hon . Lord George Malloch-Brown

Investec Plc FTSE250 M N N -- 104

Professor, Dr . Duncan Maskell

Genus Plc FTSE250 M N N A, R, N 95

Matshidiso Matloa Petra Diamonds Ltd FTSE250 F Y N A 90

John McConnell UBM Plc (Q) FTSE250 M Y N A(Ch), N 85

Paul McCrudden Card Factory Plc FTSE250 M N YA, R, N, Rsk 59

Mary McDowell UBM Plc FTSE250 F N N R, N 85

Ian McHoul Britvic Plc FTSE250 M N NA(Ch), R, N 39

Ross McInnes IMI Plc FTSE100 M N N A(Ch) 53

Norman McLuskieVirgin Money Holdings Plc

FTSE250 M N NA(Ch), R, N, Rsk, Other

54

Mark McNicholasKennedy Wilson Europe Real Estate Plc

FTSE250 M N NA, N(Ch), Other 75

Maria Fernanda MejiaInternational Consolidated Airlines Group SA

FTSE100 F Y N R 109

Nicola Mendelsohn Diageo Plc FTSE100 F N Y A, R, N 39

Patrice Merrin Glencore Plc FTSE100 F Y N Other 90

Andrew Miller AA Plc FTSE250 M Y N A, R, N 70

Therese Miller Galliford Try Plc FTSE250 F N N A, R, N 46

Doctor Heidi Miller HSBC Holdings Plc FTSE100 F N N Rsk, Other 37

Henri Moissinac Just Eat Plc FTSE250 M N Y A, R, N 50

Paul MoodyPets At Home Group Plc

FTSE250 M Y N A, R 60

Octavia Morley Card Factory Plc FTSE250 F N NA, R, N, Rsk 60

Harry Morley Mercantile Investment Trust Plc

FTSE250 M N N -- 75

Judith Mosely Blackrock World Mining Trust Plc

FTSE250 F N N A, Other 75

Gerard Murphy Dixons Carphone Plc FTSE100 M N N A, R 107

Francis Nelson HICL Infrastructure Co Ltd

FTSE250 M N N -- 76

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Stephanie NewbyAmec Foster Wheeler Plc

FTSE250 F Y N A, Other 46

Mikael Ohlsson Tesco Plc (Q) FTSE100 M Y N R, Other 55

Rakhi Parekh Rightmove Plc FTSE250 F N Y -- 85

Elizabeth Peace Redrow Plc (Q) FTSE250 F Y NA, R, N, Other 46

Oliver Peterken Amlin Plc FTSE250 M N N A, N, Rsk 70

Charles PhilippsGreat Portland Estates Plc (Q)

FTSE250 M Y NA, N, Rsk, Other 99

David Poulter Jimmy Choo Plc FTSE250 M N NA, Rsk, Other 43

Ceri Michele Powell Carillion Plc FTSE250 F N NA, R, N, Other 47

Alexandra Kinney Pritchard

TSB Banking Group Plc FTSE250 F N N A, Rsk(Ch) 37

Doctor Jaime Jose Serra Puche

Fresnillo Plc FTSE100 M N N A 90

Kathryn PurvesIntermediate Capital Group Plc

FTSE250 F N N -- 104

Simon RadfordKennedy Wilson Europe Real Estate Plc

FTSE250 M N NA(Ch), Other 76

Doctor Supraj Ram Rajagopalan


FTSE250 M N N -- 63

Jeff RandallBabcock International Group Plc

FTSE100 M N NA, R(Ch), N, Rsk 40

Peter Redfern Travis Perkins Plc FTSE100 M Y N R, N 47

Mary RicksKennedy Wilson Europe Real Estate Plc

FTSE250 F Y N N 77

Peter Rigby Betfair Group Plc FTSE250 M Y N A, R 81

Cathryn Riley International Personal Finance Plc (Q)

FTSE250 F Y N R 105

Miles Roberts Poundland Group Plc FTSE250 M Y NA, R, N, Rsk 60

John Rogers Travis Perkins Plc (Q) FTSE100 M N N A, R, N 47

Henk Rottinghuis CRH Plc (Q) FTSE100 M N N -- 48

Simon RowlandsSpire Healthcare Group Plc

FTSE250 M N N -- 64

Francois Rubichon EasyJet Plc FTSE100 M Y N R, N 109



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Kamil Salame Brit Plc FTSE250 M N NA, Rsk, Other 70

Trevor Schultz Centamin Plc FTSE250 M Y N Other 91

Susan Searle QinetiQ Group Plc FTSE250 F Y NA, R, N, Rsk, Other 34

William Seeger Jr Smiths Group Plc FTSE100 M N NA(Ch), R, N 53

Nicole Seligman WPP Plc FTSE100 F N N R 86

David Shalders Tullett Prebon Plc (Q) FTSE250 M N N R 105

Charles Sherwood FTSE250 M N N -- 71

Binay Raghuram Shetty

NMC Health Plc FTSE250 M N N -- 64

Sue ShimReckitt Benckiser Group Plc


Genevieve ShoreMoneysupermarket .com Group Plc

FTSE250 F N YA, R, N, Rsk 86

Khumo Shuenyane Investec Ltd FTSE250 M N N -- 105

Feike Sijbesma Unilever Plc FTSE100 M N N -- 56

Caroline Silver PZ Cussons Plc FTSE250 F N N A, R, N 43

Daniel SilversBWIN .Party Digital Entertainment Plc

FTSE250 M Y N -- 81

Jacky Simmonds Wolseley Plc (Q) FTSE100 F N NA, R(Ch), N 48

Robert Singer Jimmy Choo Plc FTSE250 M Y NA, Rsk, Other 44

Louise Smalley DS Smith Plc (Q) FTSE250 F N N A, R, N 51

Vagn Sørensen SSP Group Plc FTSE250 M Y N N 56

Kory Sorenson Phoenix Group Holdings

FTSE250 F N N -- 106

Julie Southern Rentokil Initial Plc FTSE250 F N N A(Ch) 40

Vivianne Blanlot Soza

Antofagasta Plc FTSE100 F N N Other 91

Marilyn SpearingVirgin Money Holdings Plc

FTSE250 F N NA, R, Rsk, Other 54

Doctor Angela Re Strank

Severn Trent Plc (Q) FTSE100 F N N R, N, Other 110

David Stead Card Factory Plc FTSE250 M N NA, R, N, Rsk(Ch) 61

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Gregor Stewart Alliance Trust Plc FTSE250 M N N -- 77

Alan Stewart Diageo Plc FTSE100 M Y N A, R, N 39

Amy StirlingPets At Home Group Plc

FTSE250 F N NA(Ch), R, N, Rsk(Ch) 61

Doctor Paola Subacchi

Scottish Mortgage Investment Trust Plc


Olaf Swantee Legal & General Plc FTSE100 M Y N A, N 83

Doctor Nandini Tandon

NMC Health Plc FTSE250 F N N -- 64

Caroline Helen TaylorBrewin Dolphin Holdings Plc


Stephen Thieke Barclays Plc FTSE100 M N N R, Rsk 38

Douglas ToughReckitt Benckiser Group Plc (Q)

FTSE100 M Y N -- 44

Hugo TudorParagon Group of Companies

FTSE250 M N N -- 54

Nancy Tuor Keller Group Plc FTSE250 F Y N A, R, Other 48

Roy Twite Halma Plc FTSE250 M N N A, R, N 53

Lykele van der Broek Genus Plc FTSE250 M Y N A, R, N 95

Patrick Vaughan Londonmetric Property Plc

FTSE250 M Y N N 99

Nicholas WalshJardine Lloyd Thompson Group

FTSE250 M Y N -- 71

Gareth Williams Saga Plc FTSE250 M N NA, R(Ch), N, Rsk 71

Polly Williams TSB Banking Group Plc FTSE250 F N NA(Ch), R, Rsk 38

Rosalyn Wilton Londonmetric Property Plc

FTSE250 F Y N A 99

Patricia Woertz Royal Dutch Shell Plc FTSE100 F Y N Other 93

Doctor Godwin Wong

RPC Group Plc FTSE250 M N N -- 51

Rebecca Worthington

Hansteen Holdings Plc FTSE250 F Y N A, R 100

Katya Zotova Vedanta Resources Plc FTSE250 F N N R, N 91

About Korn Ferry’s Board

and CEO Services Practice

Korn Ferry has recruited CEOs and board directors for

more than 40 years . Our dedicated Board and CEO

Services Practice is committed to improving governance

practices worldwide . Our approach includes board

director and CEO search, CEO succession

planning and board effectiveness .

The Board and CEO Services Practice

Ryder Court, 14 Ryder Street

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Email: boardpractice@kornferry .com

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the class of 2014

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